GBPAUD rates remain above 1.80, will they stay there?

AUDGBP Buyers Emerge at 0.55 After Pound Surge

Recent data from China showed improvements in the Chinese economy which despite a rising pound has helped the AUD to retain much of the gains of the latter half of H2 2014. The unbearable fact for Australian sellers is that whilst the pound has strengthened significantly against the Australian dollar it is likely to continue further.

This is bad news for anyone selling AUD to buy GBP who might after some recent news be tempted to hold on for rates that they may have enjoyed over the last few years. This simply put should lead to much better rates for sellers in the UK who need to buy Australian dollars down the line.

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