GBPAUD rates rise!

GBPAUD exchange rates have risen as the initial fear factor over Donald Trump entering the White House subside and the US dollar find strength and weakness against various currencies. The US dollar has gained ground against the Euro but weakened against some other currencies. The GBPUSD rate has risen as funds find their way into the pound with the pound strangely becoming a beneficiary of these movements. I believe this is because the UK are not looking to change their interest rates any time soon whilst the Eurozone might cut further or introduce more QE in December. This all has a big impact on GBPAUD because the Aussie is weakening against the US dollar as the US dollar strengthens under expectations that the US will raise interest rates.

These kind of movements on the currency markets are very much difficult to predict and anticipate as investors try to make sense of just what is happening. So far it appears Donald Trump is striking a much more conciliatory towards the US and the global economy,  this has I believe helped global markets retain some optimism and the pound has benefited greatly from this trend. The key question is will this continue or do we now find ourselves likely to see the initial fears over the Brexit come back and spook investors holding the pound?

If you have a GBPAUD transfer to make this latest improvement is a much welcome gift that might not last. If you have a transfer to make in the future then understanding all of your options in advance is a good idea. As a currency specialist I am here to help with the planning and execution of any deals, for more information please email me Jonathan Watson on jmw@currencies.co.uk or please fill in the form below.

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