Sterling AUD Rates unsure of where to go next (Tom Holian)

Increase in Risk Appetite Helps Support the Australian Dollar

Sterling vs Australian Dollar exchange rates have seen a big drop over the last month as RBA governor Glenn Stevens has stated on a number of occasions that Australian interest rates will stay where they are for the time being.

With no RBA meeting until February the recent confirmation of no change has seen the AUD strengthen considerably against the Pound with fears that the level of 2 to the Pound could even be breached soon.

As Australia is so dependent on what happens with China Tuesday’s announcement about Chinese Trade Balance and Imports could have a big impact on Sterling vs Australian Dollars early next week.

Chinese inflation data is also released next week on Wednesday potentially causing a huge amount of volatility for the AUD.

With Thursday likely to be the biggest day of the week for Sterling vs AUD with the release of Australian unemployment data this could provide the real catalyst for movements of the Pound vs Australian Dollar and create the trend in the run up to Christmas.

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. Tom Holian teh@currencies.co.uk