When to buy Australian Dollars with the Pound (Dayle Littlejohn)

Australian Dollar Strength as Travel Corridor with New Zealand Opens

Today the Bank of England released their latest Interest Rate decision. As expected all 9 voting members decided to keep Interest Rates on hold at 0.5%.

Shortly after the announcement Governor of the Bank of England Mark Carney addressed the public and the breaking news of the press conference is that he believes the UK will enter another recession if the UK were to leave the European Union.

As I stated in my article yesterday GBPAUD has spiked in the last 3 weeks making a AUD400,000 purchase over £13,000 cheaper and for Australian Dollar buyers this spike should be taken advantage of. For Australian Dollar sellers I hope you took advantage of rates in the low 1.80s however if you didn’t I would wait until June as I believe rates will drop. 

This evening China are set to release their latest Money supply numbers. A slight improvement is expected therefore we could see the Australian Dollar benefit.

The currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

The more information you provide me, the more information I can provide you, I require, your name, brief description of requirement, amounts, your budget, timescales, telephone number and convenient time to call.