Will the pound versus Aussie get back to 1.90?

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

The pound seems to be making further gains against the Aussie which would lead me to speculate that the rates would carry on, however such analysis neglects to take into consideration just how strong the Aussie could go if Chinese data continues to impress and we witness the AUD strengthen against the pound.

The Australian economy has really performed well in recent years primarily due to the mining boom as a result of Chinese demand for raw materials. Chinese data has recently shown the Chinese economy growing at 7.5%, growth rates we can only wish for and dream of in other parts of the world.

If you need to buy or sell AUD for the pound or indeed other currencies please contact me to learn more about how we can help move money internationally at the best exchange rates. Please contact me Jonathan on jmw@currencies.co.uk