With very little UK data out of late, and nothing to knock the recent swagger of the Aussie Dollar, exchange rates for selling AUD are still looking very attractive. With UK interest rate expectations being put on the back burner due to the recent Bank of England inflation report, and weaker than expected UK data, it has created an excellent opportunity to buy sterling cheaply. I suspect that over time UK data will recover and interest rates will once again come onto the agenda once again which will likely cause sterling strength (particularly as I suspect Scotland will not vote to leave the Union and once this uncertainty is lifted, sterling should benefit).
Also if the Aussie continues to creep up, I suspect the RBA rhetoric will once again switch to jaw-boning about the strength of the currency to talk it down again. There is a lot of US data out over the next couple of days which I suspect will be Aussie positive by boosting global confidence, suggesting if you are selling Aussie we are looking at a pretty good window. If you do need to make a currency transfer and would like to find out more about the great exchange rates we can offer, feel free to email Colm at [email protected] and I would be happy to explain how our currency exchange service works.