Australian inflation figures due out overnight – GBP/AUD still hanging around at 1.60 (Daniel Wright)

Australian Dollar Forecast – Unemployment Weighs on Sentiment

The Australian Dollar remains fairly steady once again today, hanging around the pivotal point of 1.60 (0.6250) against the Pound and waiting for something to give it the nudge it needs to push on either way.

Later today we have Mark Carney (Governor of the Bank of England) speaking to a committee regarding the implications of the referendum vote in the U.K on the economy going forward, so be aware that if you are looking to buy Australian Dollars with Sterling or to exchange Australian Dollars back into Sterling then it is well worth keeping an eye on exchange rates late afternoon U.K time. Even the slightest hint at a change in fiscal policy may lead to sharp movements for the Pound, if you would like me to keep you up to date should any big movements occur then feel free to email me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to help you.

Overnight in the U.K or early morning in Australia we also have Australian inflation figures out. There are no expectations for any huge surprises from these figures however I would be aware that should inflation figures differ to expectations then the Australian Dollar may move quickly. Personally I feel that Mark Carney speaking this afternoon has a higher chance of causing market volatility but then and again regular readers will know that surprises always pop up in this market.

If you are in the position where you need to buy Australian Dollars or you have a large sum of Australian Dollars to bring back into Pounds then I am extremely well position to help you. Having been assisting clients in your position for 10 years I have help transact billions of Australian Dollars for private individuals over the years and I would be more than happy to assist you too.

Feel free to get in touch with me (Daniel Wright) on email by contacting djw@currencies.co.uk and I will ensure I get in touch with you personally. You can also call our trading floor on +44 (0) 1494 725353 and ask for Daniel Wright.