Buying AUD with Sterling GBPAUD AUDGBP USDAUD AUDGBP
The Australian Dollar has strengthened to 1.56 against Sterling, the strongest against the Pound for two months now. The absence of further QE for the UK and with the Eurozone returning to a more confident period we have seen the more riskier currencies gain in value. The Beige Book in the US confirmed that the US economy has grown for the second month in a row and suggested that growth may remain positive. This again has led to more appetite for the Australian Dollar.
Both the Australian and New Zealand Dollar are the strongest they’ve been since April so if you need to convert currency then it might be worth seeing how the Greek elections affect things on June 17th. If you have a currency requirement to make please feel to contact me Tom Holian [email protected] quoting ‘ADF’