China posted a trade balance at a 4 year high as exports increased in October. We have recently been warning of a slowdown in China which could affect GBPAUD and GBPNZD rates but the opposite is happening. The data on China is continuing to go against what many had expected which would have been negative and caused Aussie weakness. The impact of Chinese activity on the strength of the Aussie has really been seen in recent weeks as despite favourable UK data and no more QE being announced the rate has dropped some 6 cents from the highs we saw of 1.58. With better news on Europe being seen for Greece this weekend and still no sign of a bailout for Spain, it looks like the Aussie will continue to strengthen. If you are looking to buy or sell Australian or New Zealand Dollars you can speak to me about everything driving your exchange rate. And when you do need to trade we can ensure that you trade at an excellent price much better than the banks or other sources. If you have a particular transfer you are considering and would like further information about what is driving you rate, please ask me directly as I am a confident I can point you in the right direction so that not only do you trade at the best rate, you also do at the right time. Jonathan Watson – 01494 787 478