GBPAUD had fluctuated 20 cents in the last 8 weeks. Inflation and Interest rates have been the main factors for Australian weakness. However since the UK Bank holiday, polls for the UK’s referendum in regards to EU membership are suggesting the UK could potentially leave the EU and therefore sterling has lost value and GBPAUD has dropped 6 cents.
Overnight the Australian Bureau of Statistics released their latest Retail Sales numbers. A drop by 0.2% has devalued the Australian Dollar and GBPAUD has increased by a cent and a half.
I am in no doubt the EU referendum is going to be the major talking point which will impact GBPAUD exchange rates in the next 3 weeks however it just shows its still important to analyse economic data releases.
If you are buying or selling Australian Dollars in the foreseeable future I can help. The company I work for enables me to achieve clients up to 5% better exchange rates than high street banks and other brokerages.
I specialise in the property market, therefore if you are buying or selling a property this year 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 [email protected].
** If you are already using a brokerage and quite want to compare exchange rates, email me with the amounts and the reference QUOTE and I will respond with our live buy price **
Alternatively if you would like to discuss your requirements over the phone call me on 01494-787478 and ask to be put through to Dayle Littlejohn.