The Sterling Australian dollar exchange rate has swung by nearly 23 cents within the last 24 hours. News from the European Central bank has changed demand dramatically and given AUD sellers the best levels we have seen for some time. If you have AUD to sell you are getting the best price seen in nearly 10 months.
If this is something that you would like to take advantages of – please get in contact with myself STEVE EAKINS via [email protected] or call on 01494 787 478.
Moving forward I expect the next few days to remain volatile as speculators continue to drive markets. We will probably see a sell of starting this afternoon giving buyers some relief and the best we could see for the next week. If you have a position to trade on the GBPAUD keep a close eye on markets over the next few days. Yesterday’s event was the largest we have seen for the year to date with particular movement on AUDUSD, a record day!
Next on the horizon for movement again is next Wednesday when we have the UK Budget and the next of next week with commentary from the US on their next potential interest rate change.
Here we offer a number of pro-active tools to our clients including SPIKE NOTIFICATIONS, RATE ALERTS, LIMIT ORDERS, STOP-LOSS ORDERS and FORWARD CONTRACTS. All have their place in assisting our clients get the most from the market. If you would like any more information on any of these tools, forecasts for movements and in deed live prices please get in contact. Email myself on [email protected] or call on 0044-1494 787 478.