John From Moneycorp

Members1
  • Content count

    646
  • Joined

  • Last visited

  • Days Won

    1

Everything posted by John From Moneycorp

  1. Australian Dollar Review

    Hi all - review below over the past few months - thanks. Bringing up the rear, the Aussie dollar fare worst in the last week of Q1 with an average loss of 1.2% against its major counterparts. It lost twice that much - four and a quarter cents - to the pound, which was the leader of the bunch. Part of the Aussie's problem was home-grown: disappointing jobs data showed unemployment ticking up to 5.6%. Part was exogenous: a broadening of the US administration's protectionist tariffs to include China and the appointment of the bellicose John Bolton as National Security Advisor. Looking back at the quarter, the Aussie dollar has had the occasional move higher but overall has slumped in value versus the US dollar and the pound. Consumer confidence figures were mixed, posting a slightly positive result in March after a 2.3% drop in February. Similarly retail sales offered a mixed bag of monthly results. Looking ahead to Q2 the pound will continue to be driven by the ongoing negations between the UK and the EU, whilst the prospect of a May interest rate rise by the Bank of England may add some strength to the currency. Similarly the ongoing tensions between the US and China in relation to trade and tariffs will likely have a continued effect on commodity backed currencies.
  2. Australian Dollar Review

    Hi all - review below over the past few months - thanks. Bringing up the rear, the Aussie dollar fare worst in the last week of Q1 with an average loss of 1.2% against its major counterparts. It lost twice that much - four and a quarter cents - to the pound, which was the leader of the bunch. Part of the Aussie's problem was home-grown: disappointing jobs data showed unemployment ticking up to 5.6%. Part was exogenous: a broadening of the US administration's protectionist tariffs to include China and the appointment of the bellicose John Bolton as National Security Advisor. Looking back at the quarter, the Aussie dollar has had the occasional move higher but overall has slumped in value versus the US dollar and the pound. Consumer confidence figures were mixed, posting a slightly positive result in March after a 2.3% drop in February. Similarly retail sales offered a mixed bag of monthly results. Looking ahead to Q2 the pound will continue to be driven by the ongoing negations between the UK and the EU, whilst the prospect of a May interest rate rise by the Bank of England may add some strength to the currency. Similarly the ongoing tensions between the US and China in relation to trade and tariffs will likely have a continued effect on commodity backed currencies.
  3. Fears of a trade war drive sterling gains against Australian dollar While the atmosphere is somewhat calmer this week, fear of a trade war between the US and China has not entirely dissipated. This is one of the reasons that the pound is making gains against the Australian dollar; a trade war could impact exports of iron ore to China and have a knock on effect on the Australian economy. In addition, the Reserve Bank of Australia looks set to keep its interest rate at 1.5% for the foreseeable future, while the Bank of England dropped heavy hints that the pound might see a hike in interest rates as soon as May. Should you have upcoming international payments to make then moneycorp can help – receive expert guidance and great exchange rates – click on the following link for more information and register through this page to receive no transfer fees on your international payments: https://www.moneycorp.com/uk/campaigns/partners/pio/
  4. The Pound vs Australian dollar

    Yesterday, sterling surged with news that Michel Barnier and David Davis, EU and UK Brexit negotiators respectively, are moving closer to an agreement on transitional deal ahead of the EU summit at the end of the week.
  5. Hi everyone This thread will provide updates on the pound and Australian dollar. A round up of the latest news from the past weak is below. Sterling has slumped to a six month low against the Australian dollar. The British pound has continued its New Year downward path against the ‘Aussie’ dollar. Why? There are mounting fears that the UK’s economy contracted during the 4th quarter of 2012. Clearly the risk of a return to recession enhances should the first three months of 2013 show no signs of improving growth prospects. Australia’s currency on the other hand has shaken off the recent unexpected rise in the nation’s unemployment rate. Global investors have instead remained more focused on Australia’s all important trade relationship with its largest partner China, who recently delivered an initial 4th quarter Gross Domestic Product result highlighting an annualised growth rate improvement to 7.9%. Australia’s growth prospects should be further enhanced as its second largest trade partner, Japan, looks to expand monetary stimulus measures certainly by 2014, but perhaps far sooner. This Friday’s first release of the UK’s Gross Domestic Product performance for the 4th quarter from the Office for National Statistics will help define the short to medium term direction of this currency pair.
  6. The Pound vs Australian dollar

    Big move in the Pound/Australian dollar exchange rate - worth getting in touch if you need to send money overseas soon - https://www.moneycorp.com/uk/campaigns/partners/pio/
  7. The Pound vs Australian dollar

    The pound a little bit stronger - upbeat Spring Statement from the UK's Chancellor helped yesterday.
  8. The Pound vs Australian dollar

    Australian dollar stronger over past few days. Australian exemption from the new US. steel tariffs had boosted the AUD.
  9. New Australian Bank Account

    New Australian Bank Account We are pleased to announce that we have enhanced the moneycorp PTY service and have a local Australian bank account. Going forward when you add funds to your account you will pay your normal domestic fee. To find out more information about the moneycorp service please click here –https://www.moneycorp.com/uk/campaigns/partners/pio/ TTT Moneycorp Pty Limited, Authorised Representative No. 445555 ABN 46 116 612 858, are Authorised Representatives of Rochford Capital Pty Ltd (AFSL License No. 361276 ABN 40 143 601 594) Jones Bay Wharf, Suite 45, 26-32 Pirrama Road, Pyrmont, NSW 2009.
  10. The Pound vs Australian dollar

    Latest currency round up is below – thanks. The Australian economic data came and went without fuss. There weren't many of them and they were not hugely important. Private sector lending was just about on target, private capital spending fell slightly in the fourth quarter and January's new home sales were disappointing. The main downward pressures on the Aussie came from the United States, first because US interest rates could rise more quickly than previously thought and second because the president intends to impose steep taxes on imported steel and aluminium. Investor fear that those tariffs and retaliatory measures by other countries will be bad for trade and bad for the Aussie. The currency lost two thirds of a US cent but added half a cent against sterling. The pound's (perennial) problem was Brexit talk. This time it was the EC president and two former prime ministers what weighed in against the government's strategy. The prime minister will do her best to defend it in a speech this Friday.
  11. The Pound vs Australian dollar

    The pound is slightly stronger this morning. Consumer price inflation remained at 3% in January, the Office for National Statistics said.
  12. 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”.
  13. The Pound vs Australian dollar

    Not really any significant movements in the GBP/AUD exchange rate of late. RBA recently suggesting an interest rate rise in Australia is not likely in the short term.
  14. The Pound vs Australian dollar

    Sterling soars The British pound has accelerated to the front of the fleet. Although the UK employment data were constructive, they were not remarkable enough to justify the pound's progress: Investors were buying sterling because it was going up.
  15. The Pound vs Australian dollar

    Pound stronger over past 24 hours.
  16. 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.
  17. The Pound vs Australian dollar

    Positive retail sales data in Australia - has boosted the Australian dollar.
  18. The Pound vs Australian dollar

    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.
  19. 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.
  20. Merry Christmas

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

    Over the past week, the Australian dollar has been more solid - a fairly positive minutes report from the RBA this week helped; as they noted economic growth would remain in 2018.
  22. The Pound vs Australian dollar

    The Australian dollar is stronger after the unemployment rate remained steady for a third consecutive month in November.
  23. The Pound vs Australian dollar

    Australian dollar stronger over the past day or so - positive consumer confidence data coming out of Australia has helped.
  24. The Pound vs Australian dollar

    The big news was on Friday last week as Britain and the EU came to an agreement. EU President Jean-Claude Juncker confirmed that sufficient progress had been made to move on to trade talks between the UK and the EU. The latest talks provided some resolution on the matter of the Irish border and reassurance of EU citizens’ rights. Following the announcement, there has been a lot of scrutiny on the Irish border issue and how, in fact, this will be resolved.
  25. Pound spikes at news of deal on Brexit bill The pound has risen against the Australian dollar following news of a possible agreement on the Brexit divorce bill. Although this is not a final settlement, the “broad welcome” from Brussels suggests that this may be the “sufficient progress” the EU has been seeking. This is one of the key areas – along with citizens’ rights and the Irish border – which will allow negotiations to open on any future trade deal between the EU and the UK. Should you have upcoming international money transfers to make then please visit - https://www.moneycorp.com/uk/campaigns/partners/pio/