Factors impacting GBPAUD exchange rates this week (Dayle Littlejohn)

AUDGBP Bounce Fails to Top the 0.5500 Level

Saturday morning China released their latest Industrial Production numbers, which showed the volume of production of Chinese Industries such as factories and manufacturing facilities. The figure came out 0.6% better than expected therefore we could see the Australian Dollar make some gains against Sterling throughout the early stages of Monday mornings trading period.

The first economic data release to note is Australia’s House Price Index numbers Tuesday morning (00:30). The statistic shows changes in house prices and the consensus is a drop of 2.7% compared to the previous quarter. If this occurs we could see the Australian Dollar weaken against Sterling. Further to this the RBA are set to release the latest minutes in regards to the Interest rate decision two weeks ago. Any indication of additional rate cuts in the near future will potentially weaken the Australian Dollar further.

Later in the day the UK release their latest Consumer Price Index figures, also known as Inflation. With petrol prices within the UK now falling under £1 per litre, I wouldn’t be surprised to see inflation levels fall again and the Pound lose value. Consequently the Australian Dollar could make back some potential losses from the House price Index figures and RBA minutes earlier in the day.

Wednesday morning is the latest UK Unemployment numbers coupled with Average Earnings figures. Unemployment has dropped recently, close to a 7 year low, therefore I wouldn’t be surprised to see the numbers released as expected (no change) and therefore the announcement not to impact exchange rates. However for clients trading sterling to buy AUD this is a data release to look out for.

And finally Wednesday evening Janet Yellen from the Fed testifies in regards to raising Interest Rates. It’s difficult to predict if she will announce a rate rise therefore it’s not easy to predict how her announcement is going to impact GBPAUD exchange rates. What I do know is we have tools which can protect you from market fluctuations therefore, if you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Dayle Littlejohn [email protected].

If you have an upcoming currency transfer and want further information in regards to a currency pair that I have not covered (AUD/USD, AUD/EUR, etc) then feel free to email me with the currency pair and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with a forecast and the buying process. [email protected] Dayle Littlejohn. Alternatively call 0044 1494 787 478 monday morning and ask the reception team to be put through to Dayle Littlejohn.