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

Weekly Currency Update GBP/AUD - Week ending 23rd April

Weekly Currency Update GBP/AUD - Week ending 23rd April

Old Apr 26th 2010, 9:07 pm
  #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 - Week ending 23rd April

Hi All,

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

The Monetary Policy Meeting Minutes and RBA Governor Stevens’ speech re-affirmed that interest rate tightening in this cycle is nearing its conclusion but at least another two hikes of 25 basis points can be expected over the next few months. Governor Stevens highlighted this week’s CPI data as important to the timing of the next rise; the trimmed mean CPI is the Board’s preferred indicator of inflation.

Last week, the market was dominated by events offshore concerning Greek debt and US corporate earnings and this will again be the major driver this week.

GBP/AUD movement – High’s & Low’s of last week 19th April– 23rd April)

High’s: 1.6742
Low's: 1.6463

A movement of 1.69%

Difference on £200,000

High: AUD 334,840
Low: AUD 329,260

Difference of: AUD 5,580

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.

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 - Your Privacy Choices -

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