Go Back  British Expats > Partner Forums > HiFX - International Currency Transfers
Reload this Page >

GBP/AUD January Currency Update

GBP/AUD January Currency Update

Old Jan 24th 2010, 10:56 pm
BE Enthusiast
Thread Starter
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default GBP/AUD January Currency Update

Hi All,

As promised here’s a brief update on what’s been happening with the Australian Dollar over the last week.

A private measure of inflation, the TD-MI Inflation Gauge, rose for a 2nd straight Month in December, suggesting the low for inflation has been seen and price pressures were set to pick during the year. The annual pace of inflation picked up to 2.6% from 2.1% a month earlier and although still within the RBA’s 2-3% target range is markedly higher than the 1.2% trough seen in October. Westpac Consumer Sentiment (+5.6%) bounced back after 2 months of falls and is now 33% higher than the level seen in January 2009. Improving employment conditions have buoyed sentiment despite a record 3 consecutive hikes in official rates and even steeper rates rises from the big four commercial banks. This week’s consumer price data, particularly the RBA’s preferred trimmed mean CPI, will be closely watched for further justification for another rate hike on February 2 after strong retail sales and employment data in recent weeks.

GBP/AUD Movement – High’s & Low’s of last week (18/01/10 – 22/01/10)

Low’s: 1.7581

A movement of: 2.45%

Difference on £200k

High: AUD360,220
Low: AUD351,620

Difference of: AUD8,600

Whilst FX 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.

A further update will be added next week.


Mark Bodega
Windsor2 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.