Sterling Australian Dollar exchange rates have hit their highest level in weeks with Sterling almost tipping 1.86 during today’s trading sessions.
With the Scottish referendum now a distant memory and the Eurozone suggesting that further QE is round the corner riskier currencies including the Australian Dollar have weakened. Indeed, Sterling has also risen rapidly against the New Zealand Dollar aswell.
Bank of England governor Mark Carney’s speech today highlighted the risk to the global ecnonomy and also hinted that the time when the Bank of England would raise rates was ‘getting closer’.
These comments have helped to strengthen the Pound against the Australian Dollar and I think we could even go higher during tomorrow’s trading session.
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