The Australian dollar has been suffering as investors pile into the pound ahead of some high expectations for the UK to raise interest rates in the future! Will this happen or not? It is highly likely it will but this will probably cause further uncertainty on the market and it is highly likely the pound will suffer again at some time in the future.
I think when considering the rates on the Australian dollar it is very important to remember that the pound is coming out of some very dark days and rates used to be more noticeable around 1 gbp to say 1.5 or 1.6 AUD. The recent improvements on the market show us all that things can quickly change and nothing should be taken for granted,
If you would like to get further information on the market than I would be very interested to speak with you and explain how you can make the most of your currency transfers.