If you are selling AUD to buy GBP, rates have finally crept back in your favour! The continuing of QE tapering and small improvements in the Chinese economy have helped keep the AUD supported. Also the lower chance of a rate cut (for now) in Australia has helped the Aussie too and some sterling weakness is lending favour to your position.
With the UK GDP data due next week (Friday) if you are weighing up any AUD to GBP transfers, the next week or so may be the time to act to take advantage of this spike.
Rates for selling AUD to buy GBP are historically very good and with sterling making gains the longer term outlook is not so rosy for AUD sellers. For more information on the forecast and how to get the best exchange rates please contact me Jonathan on [email protected] or call 01494 787 478 and ask to speak with me.