AUD hits fresh highs against the pound

AUDGBP Seeks a Catalyst to Extend Recent Rebound

The Aussie has been soaring against sterling of late as geopoliticla concerns abate and the pound suffers at the hands of the Scottish Referendum. What next? This week we have the all important Australian Unemployment rate released, this release has been a big driver of Aussie volatility lately and I see no reason why this will not continue this week.

We have recently touched the best rates to sell AUD for sterling since last year so if you need to sell AUD for sterling, I think moving sooner during this uncertainty is wise. There is a strong likelihood that after the referendum the rates will go back up as the pound strengthens form the no vote. Of course there is a chance of a Yes vote which may send sterling tumbling…

The next 9 days promise to be very exciting on the markets so to be kept up to date email me Jonathan on [email protected]