Aussie Still Very Robust Versus Sterling And Euro

AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

The Aussie is still very robust against sterling and the Euro, as the Scottish referendum dominates the pound, and the ECB rate cut and asset purchases affect the single currency.  The US Dollar has been making headway against all these currencies following better data in the US and an expectation that the Federal Reserve are getting closer to a change in stance over US monetary policy.  Whilst this news has boosted the greenback, it has also helped promote global confidence which is Aussie positive.  Alongside Chinese data this has tended to assist the Aussie of late, further helped by good news for GDP figures Down Under.

However I still expected the pound to come back after the Scottish referendum, and should the Aussie start tracking up versus the US Dollar then this could be a trigger for the Governor of the RBA to start jaw-boning the Aussie to weaker levels as has been done in the past.

If you need to make a currency transfer and would like some assistance or how to get the best exchange rate, then feel free to contact Colm at cmg@currencies.co.uk and I would be more than happy to help.