Where next for GBPAUD rates?

I think the pound will continue to provide tough resistance against an advancing Aussie presenting better opportunities for those ready to take the plunge in selling their Australian dollars for the pound. With expectations so strongly skewed to a weaker AUD and stronger pound, the correction since we saw recently is perhaps not over yet and so long as China continues to grow the Aussie should remain supported.

All in all if you are buying AUD you are at much better levels than we had previously enjoyed for the course of the last few years. If you have any transactions to consider there are many important data releases soon which you should take note of as they will likely move the market. For more information please contact me Jonathan directly on jmw@currencies.co.uk