Sterling Australian Dollar exchange rates have been on the rise following the neutral stance provided by the Reserve Bank of Australia overnight.
Also, the release of the inflation data this morning in the UK has helped Sterling to hit 1.83 this morning presenting some excellent buying opportunities for those looking to transfer funds down under.
With the UK now performing extremely well and with inflation the highest since January this will likely put more pressure on the Bank of England to increase interest rates sooner than the market currently expects.
Sterling has hit recent highs against the Euro, US Dollar and now hitting the highest level in weeks against the Australian Dollar.
With the US announcing that the taper will come to an end by October global investors have been less prepared to have money in riskier currencies including the Australian Dollar which is why we have seen Sterling benefit across the board.
If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote Tom Holian [email protected]