Buying Aud? Time to Reevaluate your strategy (Daniel Johnson)

AUDGBP: Australian Dollar Weakens in Worst COVID-19 Day Yet

The Reserve Bank of Australia has recently indicated that there will b no drop in interest rates until February at least. This has caused the Aussie to strengthen significantly against Sterling. I think the new buoyancy levels will remain between 2.04 and 2.09. I think there will not be any substantial Sterling gains until  Q2 2016. If you are looking to buy AUD I would be looking to move if Interbank moves above 2.08. The day of 2.15 + look along way off.

Data Watch

Keep an eye out for unemployment figures on Thursday 10th December, there is expected to be a rise from 0.5% to 0.6%. If the figures come in better than expected expect significant movement in AUD favour. If you have an AUD requirement short term I would move before hand to avoid any unwanted volatility.

 

If you have a GBP/AUD requirement I will be happy to help. I will gurantee to beat any competitors rate of exchange. If you would like to get in touch feel free to call me on 01494 787 478 or e-mail on dcj@currencies.co.uk .