Sign in to follow this  
Guest HIFX plc

GBP/AUD Weekly Update

    Recommended Posts

    Guest HIFX plc

    Hi All,


    Here’s an update of what’s been happening in the Currency Markets over the last week.


    As expected, the RBA left interest rates on hold at 3.0% for the third consecutive month, try to assist the economic recovery.


    There was some positive news as consumer confidence was its highest for 19 months!! Even though the employment situation looks wobbly!


    The equity markets are having an influence on the AUD strength, investors searching for ‘risk aversion’ tactics in the equity markets will add renewed pressure.


    AUD Movement – High’s & Low’s of last week (06/07/09 – 10/07/09)

    High’s: 2.0984

    Low's: 2.0198

    A movement of 3.89%


    Difference on £200,000

    High: 419,680 AUD

    Low: 403,960 AUD

    Difference of: 15,720 AUD


    Whilst FX certainly isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.


    Best Regards,

    Jon Sermon


    Share this post

    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    Sign in to follow this