Sterling – Australian Dollar on the up? Even the IMF downgrade does not seem to be denting a potential shift back up (Daniel Wright)

AUDGBP Lower as Retail Sales Slump Down Under

Sterling – Australian Dollar rates have started to creep back up in the right direction so far this week which is much better news for those looking to buy Australian Dollars.

Yesterday the IMF actually downgraded growth forecasts for the U.K which dented the Pound against the majority of major currencies yet Sterling held its ground against the AUD which is a promising sign if you have been holding out to send over the money from your U.K house sale over to Australia following your emigration.

Chinese GDP figures slowing and the potential of an imminent interest rate cut for Australia are starting to weigh down the AUD ever so slightly and personally I feel we could finally break back above 1.50 in the coming days…. As long as the Bank of England do not throw a spanner in the works with their latest interest rate decision meeting minutes released a little later this morning.

If you have a pending currency transfer to carry out and you want the very best exchange rates to either buy or sell Australian Dollars then contact me directly and I will be happy to help you compare with your bank or current provider.

You can contact me directly [email protected] please quote ADF in the subject title and leave me a number to call you on, I look forward to speaking with you.