John from Moneycorp

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About John from Moneycorp

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  1. The Pound vs Australian dollar

    Pound boosted today. The Bank of England (BoE) Monetary Policy Committee (MPC) voted unanimously to maintain the interest rate at 0.5%. There were hints that rate rises would be on the cards for the future as the Bank of England upgraded forecasts for UK growth from 1.6% to 1.8% for this year. If the economy progresses as forecast, the Monetary Policy Committee highlighted that “monetary policy would need to be tightened somewhat earlier and by a somewhat greater extent over the forecast period”.
  2. The Pound vs Australian dollar

    Pound stronger over past 24 hours.
  3. The Pound vs Australian dollar

    Not a great amount of movement with the GBP/AUD rate recently - Westpac Consumer Confidence index data out tomorrow which could have an impact on the rate.
  4. Merry Christmas

    Happy New Year everyone. Compared with end of last year, Pound/Australian dollar at lower levels as we start off 2018. Strong commodity prices have helped the AUD.
  5. Merry Christmas

    Hi everyone Wishing you all a Merry Christmas and a Happy New Year! Best wishes John from moneycorp
  6. The Pound vs Australian dollar

    Pound looking to end the week on a high After some difficult weeks, the pound looks to be ending the week on a high, rising against most major currencies. Positive retail sales in the UK and snippets of good news on the Brexit front this week appear to be contributing from the pound’s perspective.
  7. The Pound vs Australian dollar

    Worth noting the change in the pound/Australian dollar exchange rate. The Australian dollar is weaker due to falling commodity prices and weak Australian wage growth.
  8. The Pound vs Australian dollar

    Good levels today for those transferring money from the UK to Australia - feel free to get in touch if you would like any quotes or information. Email -
  9. The Pound vs Australian dollar

    Yesterday, the Bank of England continued to be supportive of sterling. Chief economist Andy Haldane told a TV interviewer that the Monetary Policy Committee is "nearing the point" where it will increase interest rates. He argued that "rather than being a source of fear or trepidation, this ought to be a good news story". The pound strengthened by an average of 0.2%. The coming two days bring speaking appearances by central bankers from Japan, Britain, Euroland, Australia and the United States. Recent experience suggests that their observations will have more impact on exchange rates than the growth and inflation data which also feature on the agenda.
  10. The Pound vs Australian dollar

    The Australian dollar had a strong week, although it stumbled slightly later on. The strength can largely be attributed to weakness elsewhere, from the US and NZ dollar and the pound. July retail sales data from Australia showed that consumer spending was stalling and the trade surplus was listed at $0.46 billion, the lowest number for three months.
  11. The Pound vs Australian dollar

    Australian dollar slightly weaker over last day or so. Follows risk aversion after tensions were raised again between the US and North Korea.
  12. The Pound vs Australian dollar

    The Bank of England Monetary Policy Committee today announced its decision not to raise interest rates with a vote of 6-2 for no change. The last rate change came in August 2016, cutting the bank rate from 0.5% to 0.25% following the Brexit vote. The report also suggested “sluggish” growth in the UK economy, dropping forecasts from 1.9% to 1.7% in 2017. As a reason for the change, Governor Mark Carney cited weak wage growth and rising inflation reducing the spending power of households. Since the announcement, the pound has weakened.
  13. The Pound vs Australian dollar

    As expected, the Reserve Bank of Australia kept its cash rate benchmark unchanged at 1.5% after this morning's meeting. After dissecting the language of the RBA's statement investors decided that an early rate increase is unlikely. The Aussie lost a little ground on the news.
  14. The Pound vs Australian dollar

    AUD weekly currency update Wednesday was an interesting day for the Aussie. Early on, the consumer price index figures showed Australian inflation slowing by more than expected in the second quarter, down from 2.1% to 1.9%. It was a bigger fall than investors had been prepared for and gave new meaning to the deputy governor's warning, the previous Friday, that they should not be looking for any early increase in interest rates. The Aussie took a step to the rear. It more than made up for it later in the day when the US Federal Reserve dampened expectations of an imminent tightening of monetary policy, The net result was an Australian dollar that was virtually unchanged on the week against the British pound. It strengthened by three quarters of a US cent. The two were among the week's top performers, sterling helped by a provisional expansion of the UK economy by 0.3% in the second quarter.
  15. The Pound vs Australian dollar

    Australian dollar is stronger today - following the release of the RBA's minutes which underlined positives in the economic outlook in Australia.