Short term GBPAUD forecast (Dayle Littlejohn)

AUDGBP: Australian Dollar Weakens in Worst COVID-19 Day Yet

In the early hours of tomorrow morning (1.30am UK time), Australia are set to release their latest Consumer Price Index numbers. Consumer Price Index also known as inflation  has a major impact on interest rates. When inflation is on the rise central banks look to raise interest rates. On the other hand when inflation falls this can indicate interest rate cuts are on the horizon.

We are expecting to see inflation numbers drop tomorrow to 1.1% from 1.3%. I believe if inflation levels drop below 1.1% this could give the Reserve Bank of Australia a good reason to cut interest rates on the 2nd August.

The next UK interest rate decision is on the 4th August. The Bank of England’s key members including the Governor Mark Carney have hinted a rate cut is on the horizon. I also believe further stimulus (quantitative easing) could be added to the UK economy which would devalue sterling.

We could see major spikes between GBPAUD early next month and its important to be in the position to be able to act. The currency company I work for has won numerous awards for exchange rates therefore it enables me to trade Australian dollars at rates better than other brokerages and high street banks. I would recommend sending an email with a brief description of your requirements and your timescales (this is very important, the length of time you have will change your options) and I will email you with my strategy and the process of using our company [email protected].

Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn