Since the US raised Interest Rates earlier this month it seems the Australian Dollar has continued to make gains against Sterling. Within the last 2 months GBPAUD has dropped over 13 cents!
I put the shift in the market down to global confidence growning and investors are starting to find comfort in investing in commodity currencies with higher Interst Rates (more returns on their investments).
A key driver for GBPAUD medium term is going to be Glenn Stevens next press conference early February in regards to Interest Rates. If the Govornor keeps rates on hold again and is bulish about the Australian Dollar I expect GBPAUD will drop back below 2.
If you are buying AUD within the next month I expect rates to keep going against you therefore trading sooner rather than later is wise. In order to protect you against market fluctuations we have different contract options available that will meet your needs and requirments. 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 want further information in regards to a specific 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 and ask the reception team to be put through to Dayle Littlejohn.