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

Weekly Currency Update GBP/AUD 6th - 10th July

Weekly Currency Update GBP/AUD 6th - 10th July

Old Jul 15th 2009, 3:29 am
  #1  
BE Enthusiast
Thread Starter
 
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default Weekly Currency Update GBP/AUD 6th - 10th July

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.

Regards

Mark Bodega
Director - HiFX
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.