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@example.com.
** 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.