At 4.30am (UK time) Australia are set to release their latest Interest Rate Decision. Last month the Reserve Bank of Australia cut Interest Rates from 2% to 1.75% which weakened the Australian Dollar significantly.
I don’t expect the RBA to cut Interest Rates Tuesday however I expect they will give clear indication to future policy. If the RBA announce future cuts are on the horizon the Australian Dollar should weaken.
As for GBPAUD I expect rates could push back towards 2 if the RBA announce future cuts, if this is not the case I expect the EU referendum to weigh down on the Pound and therefore exchange rates to continue to fall.
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.