Tag Archives: australia
Pound Sterling Forecast – The week ahead (Daniel Wright)
The Pound has had a fairly good start to the week against the majority of major currencies, slipping a little against the Dollar and Yen but gaining well against the Antipodean currencies, most notably against the Rand gaining almost 2%.
The rest of the week is also fairly busy, overnight we have the RBA (Reserve Bank of Australia) meeting minutes which may give the nod to any future interest rate cuts over there. The AUD has weakened today following weaker than expected growth figures from China.
Tomorrow morning we see key inflation releases for both the U.K and Eurozone – No major changes are expected for the U.K however anything different to market expectations could lead to a volatile morning for the Pound.
In the afternoon head of the European Central Bank Mario Draghi speaks at 2pm so for those of you with the need to buy or sell Euros in the near future you need to be extremely wary of any mention of fiscal approach surrounding Cyprus or any of the other economies in the Eurozone finding life difficult at present.
Wednesday morning is of key importance for anyone looking to buy or sell Pounds in the near future as we have the Bank of England minutes from the last U.K interest rate decision and the unemployment levels, the minutes will show us how the members of the Monetary Policy Committee voted in favour of matters such as further QE (Quantitative Easing) and Interest rates. Any indication that the stance on policy may change in the near future may lead to a highly volatile morning for the Pound so if you have a pending transaction to make involving either buying or selling Sterling then it may be worthwhile letting me know so i can be the eyes and ears on the market for you. You can email me directly djw@currencies.co.uk if you feel I may be able to help.
Thursday we have Retail Sales figures for the U.K which could be a key indicator as to whether or not the U.K has dipped back into a recession so be very wary of a figure worse than expected as it could lead to Sterling weakness.
Personally I think that as long as the Bank of England do not come out with any surprises the pound could have a good week this week but of course anything can happen in this strange market that we have today.
If you have a pending transaction to make involving buying or selling Sterling against any other major currency then it is key that you make me aware, I can then inform you of any opportunities that arise in a market that literally moves every two seconds.
Feel free to reply to email me directly on djw@currencies.co.uk
I have thousands of satisfied clients that I have personally dealt with and quite simply I am here to save you money over your bank or current choice of broker along with helping you get a smooth and efficient service.
Breaking News: Sterling – Australian Dollar exchange rates spike following surprise interest rate cut in Australia
Those looking to buy Australian Dollars will have a smirk on their face when checking out exchange rates this morning as the Reserve Bank of Australia have cut interest rates overnight, leading to weakness for the Australian Dollar and a great buying opportunity if you have AUD to buy in the near future.
A cut in interest rates generally weakens a currency as it makes it less attractive to investors and a hike in interest rates generally leads to strength. Because the markets had not fully priced this cut in rates moved a lot overnight and is once again a key reminder that you need to be on the ball or to have a proactive currency broker on your side to keep a keen eye on movements and upcoming data releases at all times.
If you are in the position where you have a currency transfer to make and you wish to be kept up to date with the very latest market movements and predictions then contact me directly by emailing djw@currencies.co.uk I deal with bank to bank transfers ranging from smaller values of £1000 up to the larger corporate transactions that are in the £millions. I look forward to hearing from you if you want to get better exchange rates and a extremely high level of service.
Euro remains stable as markets await Coalition news – Reserve Bank of Australia minutes show rate decision finely balanced and Bank of England minutes tomorrow are key for the Pound
As I had predicted in my post on Friday the Greek elections, although built up to be a huge thing for the currency markets actually didn’t lead to much change at all, it will still be indeed the coming days and weeks that will be the important part and will decide where the Euro is the head next… Once again it seems like the market is now range bound awaiting the next big push.
Assuming we still have no further news from the Greeks then the big news for Sterling Euro will be the Bank of England minutes out tomorrow morning at 09:30am. CPI data this morning is the pick of the data for the U.K today at 09:30am which may give the Pound a short term boost if it comes out that little bit higher than expected but I doubt it will be making too much of an impact on a market which just appears to have all traders eyes on our Greek friends. The Bank of England minutes will be an overview of what was said at the last BOE interest rate decision and any nod to Quantitative Easing may lead to the Pound weakining, however we did see a new stimulus package put in place last week so I don’t expect major fireworks.
The RBA overnight released their meeting minutes and it suggested that it was a close decision to cut interest rates in Australia last month which suggests the RBA may hold fire on another cut at the next rate decision. Intrerest rate cuts are usually seen as negative for the currency concerned and a hike in rates seen as positive, so the fact they may hold off may lead to the AUD gaining back some strength in the short term. The fact that the Greek scenario is now looking slightly more positive (however nowhere near fixed) may also strangthen currencies such as the AUD, NZD, ZAR and CAD.
If you have a pending currency transfer and you want a better rate than your current broker is offering you, along with an extremely high level of customer service and efficiency from people with years of experience then feel free to contact me personally by emailing me on djw@currencies.co.uk
What effect will the floods in Australia have on GBP AUD (Pound Sterling – Australian Dollar)
A lot of clients have been recently asking me what effects the flooding over in Australia may have on exchange rates in the coming weeks and months?!
Obviously we have seen an immediate shift and the Pound has gained back some ground against the Australian Dollarover the past week or so now will this be set to continue?
In my experience a natural disaster such as this will lead top almost immediate weakness for that particular currency then once things appear to be resolving themselves you may see it creep back, much further down the line it is highly likely the AUD may weaken again as we will then start to see the impact on a wider scale and economic data releases may start to become poor so only then will we potentially see a reasonable climb back against the Australian Dollar.
With the prospect of interest rate hikes in the U.K personally I feel eventually this year we will see GBP AUD become slightly better however to return to levels above 2 I feel will take a long time.
Should you be in the process of emigrating, holding funds in the U.K to send to Australia, inhetiting money from Australia or sellnig up over there and coming back I can help save you money on exchange rates, please fill in the contact form on the right hand side and I will be in touch to discuss the various options available to you inclusive of forward contracts, stop and limit orders.
