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Found 29 results

  1. Good afternoon everyone ~ and a Happy 2021 to anyone I haven't spoken to already! I hope this year (& beyond) you'll be blessed with good health, good fortune and the continued support of good friends and family. Rather than reflect on the year that was - our Global Economists thought they'd take a look at what's coming up in the year ahead ~ hopefully a lot more positive than delving into the past! Here's what we're thinking for 2021: https://www.moneycorp.com/en-au/news-hub/the-future-of-currencies-in-2021/
  2. Susan from Moneycorp

    That was the week that was.....Issue 12

    A big surge in the Australian dollar; continued disharmony in the USA; slow but steady improvement in Europe - and Brexit Brexit Brexit. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-11-november-2020/
  3. Susan from Moneycorp

    That was the week that was.....Issue 11

    Australian Retail Sales up; Better than expected economic data for the UK; Low sentiment and low hopes in the Eurozone, and the relentlessly Un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-27-november-2020/
  4. Susan from Moneycorp

    That Was The Week That Was..... (11)

    The Reserve Bank confirms another AUD base rate cut; The new NZ Cabinet is officially assembled; The UK "unprepared for the changes coming" and; The citizens of North America finally go to vote. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-06-november-2020/
  5. With the U.S. Election, plus the Tuesday statement on Australian interest rates due from the Reserve Bank and ongoing Brexit discussion announcements from the UK, the market is expected to be understandably volatile this week. We suggest that anyone looking to reach a specific rate leave an order with your FX specialist so that, if there are sudden moves, you don't miss the opportunity to buy or sell your currency. GBP/AUD currently trading at 1.8420 - market currently seeing the emphasis to the upside with the next resistance at 1.8500 AUD/USD currently trading at 0.7008 - market seeing the trend to the downside with the next support at 0.6970, then 0.6900 Our team will be on-hand 24/7 for our Poms In Oz members - in Australian time on our Sydney office number from 8am: 0414 838586 and, after 7.00pm (AEDT) on 02 8228 1490.
  6. Susan from Moneycorp

    That was the week that was.....Issue 10

    Further rate cuts on the horizon for the AUD; an expected landslide for Jacinda Ardern; a barely-acknowledged Brexit deadline passes for Boris Johnson and continued chaos in the clearly un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-23-october-2020/
  7. Susan from Moneycorp

    That was the week that was.....Issue 9

    Heightened tensions with China, Slow but steady in New Zealand, Encouraging numbers from the UK and the continuing demise of the extremely Un-United States of America. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-4-september-20203/
  8. Susan from Moneycorp

    That was the week that was.....(8)

    With division growing wider by the day in the US and Consumer confidence at a 6-year low, stronger than forecast Retail Sales seem to be giving the AUD and GBP something unexpected to smile about in the short--term ~ https://www.moneycorp.com/en-au/news-hub/weekly-brief-14-august-20203/
  9. Susan from Moneycorp

    That was the week that was.....(8)

    A storming end to the week for the Pound; the Australian Dollar continues to soar; continued water-treading for the Euro and the division and disagreement continues in the US. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-31-july-202022/
  10. Susan from Moneycorp

    The UK Chancellor's economic outlook -

    For all the Poms In Oz who may be having to juggle both UK and Australian funds - an update on the UK outlook as the economy starts to get back on track: https://www.moneycorp.com/en-gb/news-hub/back-to-business-as-usual/
  11. Susan from Moneycorp

    That was the week that was.....(7)

    The fears grow around an Australian second wave; true extent of UK unemployment causing concern; a few (Japanese) stumbling blocks for the NZD and the US seemingly going from bad to worse. Depending on whose Tweet you read. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-17-july-2020/
  12. Susan from Moneycorp

    That was the week that was.....(6)

    The second wave in Victoria; UK pledging another £30B to keep the economy going; An up and down week in the Euro and yet more division and dis-unity in the un-United States of America. That Was the Week that Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-03-july-20202/
  13. Susan from Moneycorp

    Security of your Funds

    With reports of regular breaches of online security, it would be wise to fully understand how your chosen Financial Institution protects your money. Here we detail how Moneycorp stores your funds securely and ways to protect yourself online: https://www.moneycorp.com/en-au/news-hub/staying-secure-online/
  14. Susan from Moneycorp

    That was the week that was.....(5)

    Continued good momentum for New Zealand; Steady as She Goes for the Australian Dollar; Strangely positive news for the Euro and a complete mess in the UK and the USA. That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief-26-june-2020/
  15. Susan from Moneycorp

    That was the week that was.....(4)

    Further threats to Australia from China, Chaos and turmoil in the Un-United States of America, Painful statistics out of Europe, More concern in the UK and Nothing but good news out of New Zealand: That was the Week that Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief22/
  16. Susan from Moneycorp

    Considering locking in your exchange rate

    Hi everyone ~ A lot of members have been asking me recently about the direction of the Pound & Australian Dollar - especially people who have to make regular international payments or have a payment deadline coming up, where exchange rate fluctuations could make a big impact. We've spoken about the benefit a Forward contract could bring. Thought I'd post a short blog here so that everyone can see how it works: https://www.moneycorp.com/en-au/content-hub/blogs/20192/march/a-currency-forward-contract/
  17. Susan from Moneycorp

    That was the week that was.....(4)

    Evening everyone ~ China imposing taxes on Australian exports, NZ’s Performance Services Index showing the lowest activity since 2007, The potential for negative interest rates in the UK and, Nothing good whatsoever coming out of America: That Was The Week That Was. https://www.moneycorp.com/en-au/news-hub/weekly-brief/
  18. Susan from Moneycorp

    That was the week that was.....(3)

    New Zealand bounces out of lockdown - and their currency falls heavily; America announces it's highest unemployment rate - but the USD rises; The UK, especially, seems to be going through a particularly low point and Australia looks best-placed to emerge soonest and more positively than most - but the AUD lost ground to the USD. That Was The Week That Was.... https://www.moneycorp.com/en-au/news-hub/coronabrexit-woes/
  19. Susan from Moneycorp

    A quick guide to sending money overseas.

    Hi everyone! I hope this finds you all well today and in good health ~ We've had many members take up our special PIO promotion of up to £50 cash back - which is great to see! Don't forget you can all benefit from this until the offer closes on 31. May. For the members new to Moneycorp & currently making their first transfers with us, I wanted to give a quick 4-step process to opening your account: A Guide to Sending Money Overseas More than a thousand Poms in Oz members have benefited from using Moneycorp for their international money transfers. Moneycorp’s services are straightforward, simple to use and will save you money. Here's the 4 step process and how it works: 1. Set up your Moneycorp account To start making money transfers, you will need to open an account with Moneycorp. This can be done online and only takes a few minutes - click here to register Opening an account carries no costs or obligations on your behalf. 2. Choose the best solution for your needs Once your Account is set up, your personal account manager will contact you to identify and discuss your specific requirements. They will be your personal point of contact for all future transactions and will explain the proposed course of action and options that best suits your personal needs. 3. Arrange your finances Once you have verbally agreed to a money transfer with your personal account manager, you will be sent a Contract Summary outlining the details. This document will include giving you instructions on how to transfer your funds to Moneycorp. Your account manager will also explain how to send funds to your nominated bank account(s) following the transaction. For further information regarding the different options when buying your currency, please click here 4. Payment methods You may use one of a variety of payment methods to send your funds to Moneycorp. Everything will be explained clearly by our staff and there is a dedicated customer service team who can help you with any questions you might have. Poms in Oz & Moneycorp Exclusively for PomsInOz members, you will not pay any transfer fees when sending your money overseas. Register with Moneycorp by clicking here For more information call +44 (0)20 7589 3000, or +61 2 8228 1490 ~ please remember to quote PomsInOz.
  20. US-China relations look strained, Australia-China relations look strained, Boris is back with the Churchillian spirit and even the worst statistics cannot dampen the US stock market. "Sell in May, Go away" might just be the wisest piece of advice for the risk (& ulcer) averse. https://www.moneycorp.com/en-au/news-hub/nasty-numbers/
  21. Susan from Moneycorp

    Member offer: Money back on your Accounts

    Money back on your account While these times are challenging, markets are still moving. And, with uncertainty, currencies can fluctuate even more, but don’t worry, we keep our clients up-to-date, to help you feel a little more in control. As a little thank you for being a valued Poms in Oz member, you’ll receive £25 when you make an international payment of £2,500+, or £50 for an international payment of £5,000+, before midnight 31. May 2020*. Login to your account or, if you’re a new user, register for a free account using the dedicated PIO link: https://register.moneycorp.com/?rp=10168283 Remember when you make a transfer, you also benefit from: Stay informed with the rates We understand you’ll have other things to focus on, so you don’t need to watch the markets closely as we keep our clients up-to-date with rate alerts. Control your money Lock in a current exchange rate for up to two years with a forward contract (this may require a deposit) if you’re not quite ready to make the payment. Anywhere you need Download our app (UK Only) and make online payments from your mobile 24/7 with our secure online platform. Available for both Android and iOS. Any questions? +61 2 8228 1490 Email us: Australiaenquiries@moneycorp.com Send us your feedback Follow us Moneycorp is a reference to TTT Moneycorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia. TTT Moneycorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 445555) of Rochford Capital Pty Limited (AFSL License No. 361276). *Terms & Conditions
  22. Susan from Moneycorp

    That was the week that was.....

    HI everyone, With the currency markets being understandably volatile at the moment, I'm going to start posting our weekly reviews to clarify what really happened once the headlines died down. Here's a summary of last week: https://www.moneycorp.com/en-gb/news-hub/weekly-brief-24-april-2020/ As always, feel free to call for a chat anytime: there are a lot of questions at the moment - and they're all valid ones! 0414 838 586 Susan Watts Director of Business TTT Moneycorp PTY Ltd Australia T: +61 414 838586 Weekly currency summary - 24 April 2020.pdf
  23. Susan from Moneycorp

    That was the week that was.....

    HI everyone, With the currency markets being understandably volatile at the moment, I'm going to start posting our weekly reviews to clarify what really happened once the headlines died down. Here's a summary of last week: https://www.moneycorp.com/en-gb/news-hub/weekly-brief-24-april-2020/ As always, feel free to call for a chat anytime: there are a lot of questions at the moment - and they're all valid ones! 0414 838 586 Susan Watts Director of Business TTT Moneycorp PTY Ltd Australia T: +61 414 838586 Weekly currency summary - 24 April 2020.pdf
  24. Susan from Moneycorp

    Weekly currency market update:

    Hi everyone ~ I hope we'll all be able to enjoy the best Easter weekend we can; friends, family and the things you love the most. Just wanted to send through our weekly round-up of the major currency movements from last week's Covid market - understandably a very volatile time - Weekly Update 10.April 2020 GBP Held back by PM’s absence The FX market was not at its most coherent over the shortened pre-holiday week. Initially the mood was upbeat, in anticipation that the tragic Covid-19 pandemic would soon have run its course and that life would return to normal. Then the doubts set in, and then they evaporated again. Sterling found itself in no-man’s land, left behind, in turn by the safe-havens and the commodity dollars. An eventual net average loss of 0.8% left sterling level with the US dollar and cost it a fifth of a euro cent. It lost appreciable ground to the Australian and NZ dollars. Sterling’s situation was not improved by the prime minister in the intensive care unit of St Thomas’s Hospital. In his absence the government found it difficult to avoid looking indecisive and investors were less than impressed. EUR No agreement on fiscal stimulus The purchasing managers’ index readings on Friday provided a reminder of just how difficult life has become for the services sector in parts of Europe. On a scale of 0-100, where 50 represents stagnation and zero means annihilation, Italy scored 17.4 in March. Euroland as a whole was not a whole lot better at 26.4 and the composite euro zone reading was a dismal 29.7 (UK 36.0). For the euro the biggest challenge was the failure of euro zone finance ministers to find common cause on joint fiscal stimulus. After a 16-hour video conference on Tuesday the Eurogroup was unable to agree on a way to provide emergency finance to the countries – particularly Italy – hardest-hit by the tragic Coronavirus. The impasse highlighted the EU’s national divisions but did not prevent it picking up a fifth of a US cent. USD Rides out job losses In the normal course of affairs the single most important US economic statistic is the monthly change in nonfarm payrolls. Over the last 12 months they averaged a 150k increase. Last Friday’s figure, nominally for March, was an aberration, falling 701k. However, the timing of the data completely understated the carnage that has taken place in the US labour market. In the last two weeks 10 million people signed on unemployed and another six million are likely to have joined them in this week’s figures. However, so inured are investors to miserable statistics that there was no reaction from the US dollar. It was unchanged against sterling and a fifth of a cent lower against the euro. AUD This week’s top performer Although the data and economic news from Australia were mostly mediocre, the Aussie was the week’s top performer, strengthening by an average of 1.7% against the other majors. It took more than five cents off sterling and added one and a half US cents. The main driver for the Aussie was the same one that demoted the safe-haven Japanese yen to the back of the field. Investors found renewed confidence that things would be alright as soon as Covid-19 has vanished. It may have been premature but, ‘Fear Of Missing Out’, took risk assets and commodity currencies higher across the board. February’s 0.5% monthly rise in retail sales was irrelevant but the downturn in international trade for the same month was at least in part a function of the shutdown in China. When the Reserve Bank of Australia left its benchmark Cash Rate unchanged at 0.25% on Tuesday it noted that “a very large economic contraction is… expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years”. NZD Following the Aussie True to form, the Kiwi shared some, but not all of the Aussie’s fate. This week it had a positive effect, taking the NZ dollar an average of 0.9% higher against its peers. It added one US cent and took three and a half cents off sterling. NZ data showed a 3.9% monthly fall for electronic card retail sales in March and a 1.2% fortnightly increase in dairy prices. The most interesting number, however, was the sharp fall in business confidence. NZIER’s Quarterly Survey of Business Opinion found confidence plummeting from -21% to -70% in March. A net 16% of firms plan to reduce headcount in the next quarter.
  25. Susan from Moneycorp


    "We know that behind every currency transaction is someone’s ambition, passion or dream and we’re entrusted with something very important." Our Managing Director Lee McDarby shares some well-rounded thoughts here on the current situation for those changing currency, making foreign payments or buying shares ~ https://www.linkedin.com/posts/leemcdarby_stayhome-staysafe-moneycorp-ugcPost-6652844440283160576-Jnvf