GBP/AUD Briefly hits 1.66 (Daniel Johnson)

Following Trump’s election as President we have seen Sterling rise in value against the Aussie. This was due to Trump’s stance on trade negotiations following Brexit, he is said to be far more forthcoming than his predecessor.We did see Sterling fall in value yesterday following news that a leaked memo suggesting that there would be an additional 30’000 civil servants needed in order to have a successful exit from the EU.

The news was scuppered this morning after the report was deemed to be a fallacy. Sterling immediately rallied in value up to 1.66.

Data Releases of Consequence this Week from Australia

During the early hours of Thursday, 01.30 to be precise we will see the release of Australian unemployment figures. Unemployment is a key measure of the health of an economy and could well cause volatility on the market. If you are buying the Australian Dollar it may be wise to take advantage of current market highs to avoid any potential losses caused by this release.

If you have a currency requirement I would be happy to help. It is important to be in touch with a broker to try and maximise your return on your trade. We can be your eyes and ears in the market and can create an indivdual trading strategy specifically to suit your needs. Simply let me know the size of your trade, currency pair involved and your time scale and I will endeavour to be of assistance.

I work for one of the top brokerages in the Country. Foreign Currency Direct PLC. We have been in business for over 16yrs and are registered with the FCA. Our turnover is in excess of 1bn USD per year which enable me to gain the most competitive rates of exchange. I would be happy to provide a comparison against your current provider. If you would like my help I can be contacted at dcj@currencies.co.uk. Thank you for reading my blog.