Since September 2015, gradually GBPAUD has been on a downward trend and I believe in the upcoming weeks for the first time since May 2015 we will rates fluctuate in the 1.90s for a sustained period.
Latest RBA minute meetings outlined the housing market had improved and consumer spending had increased which had driven production within as an alternative to importing goods from abroad.
As for the UK, Prime Minister David Cameron is in talks today with EU leaders in regards to the UK remaining within the European Union. The volatility surrounding the referendum has already started to weigh down on the pound and I believe this trend will continue until we have a final decision.
If you are buying or selling Australian Dollars this week, month or year I would recommend getting in touch to put a strategy in place to maximise your trade. In order to protect you against market fluctuations we have different contract options available that will meet your needs and requirements. With the current market conditions I would recommend using a limit order. This is where you target a rate of exchange, once that rate is achieved we can automatically buy the currency for you which saves you watching the rates 24hours a day!
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. Dayle Littlejohn [email protected] or alternatively call 0044 1494 787 478 and ask to be put through to Dayle Littlejohn.
IF YOU WOULD SIMPLY LIKE A COMPARISON AGAINST YOUR CURRENT PROVIDER EMAIL ME WITH THE EXACT FIGURES AND I WILL GIVE YOU OUR LIVE BUYING PRICE AND TOGETHER WE CAN DO A COMPARISON!! THIS TAKES 30 SECONDS AND COULD SAVE YOU THOUSANDS!!