Sterling exchange rates hovering around a pivotal point of 1.80 – Very positive Retail Sales figures fail to push the Pound on (Daniel Wright)

Australian Dollar Forecast: AUDGBP gains by 10% since April

We have had a fairly positive morning for U.K economic data today with U.K Retail Sales coming out much better than had been expected, leading to the Pound coming back into fashion against most major currencies which.

One think to note however is that Sterling has failed to really make any huge dents in the Australian Dollar which is a slight concern for anyone looking to buy Australian Dollars in the near future.

With the slightly more positive comments recently from RBA Governor Stevens coupled with the potential of more stimulus for China we are now starting to see the Australian Dollar gain strength again and with us not seeing any major dents being taken out of the AUD by the Pound with such positive news for the U.K then you have to start thinking that although GBP/AUD exchange rates are not quite as good as they have been recently, they could easily start to get quite a lot worse again.

If you have a pending requirement to either buy or indeed sell Australian Dollars whether you are based in the U.K or not then feel free to get in touch with me directly. The company I work for has won numerous awards for exchange rates and I have saved thousands of clients money that have contacted me through this site, even if you are using companies such as HIFX or Ozforex then there is money to be saved by contacting me.

Feel free to email me (Daniel Wright) directly on djw@currencies.co.uk and I will be more than happy to assist you both in terms of a smooth, efficient service and exceedingly good rates of exchange.