Its been another volatile week for GBPAUD exchange rates. GBPAUD has fluctuated over 5 cents making a AUD200,000 purchase £2,300 cheaper if you had traded at the high compared to the low.
GBPAUD started the week in the 2.05s and steadily increased into the 2.10s by Thursday due to poor Chinese trade data and good UK industrial figures. The tides turned throughout Thursday morning when Australia released their latest Unemployment figures. Unemployment fell to 5.8% from 5.7% and many speculators were under the impression unemployment would actually rise.
If you are trading with Australian Dollars next week, the RBA release their latest minutes early Tuesday morning and this is a data release to look out for.
If you have an upcoming currency transfer and want further information in regards to a currency pair (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 and ask the reception team to be put through to Dayle Littlejohn.