Following a strong trend week on week, the Australian Dollar has closed out this weeks final session at a continued weak position (1.5635).
AUD sellers have seen a 10 cent loss per pound in the last two weeks and the general opinion (including myself!) is for further loss. I have previously mentioned trading in the 1.60s this summer, we could be heading that way at a rate of knots.
If you hold Australian Dollars and are looking to buy Sterling, it would be worth getting in touch to see the contract options available to avoid any potential loss.
If you have a currency requirement be it buying or selling, please feel free to get in touch [email protected] . You can also contact me on 01494 787 478.