GBPAUD exchange rates have fallen during today’s trading session following some very positive news from the world’s leading economy. With US growth surpassing the expectations of 3% to 3.5% this has led investors to choose riskier currencies again including the AUD, NZD & ZAR.
The good news is that the US has of last night ended their Quantitative Easing which has also led to a strengthening of the Australian Dollar.
The weakening over the last few months for the Australian Dollar has helped to increase revenues down under which has helped the Australian economy to grow. A lower exchange rates has helped to make Aussie exports cheaper and means that goods and services are more competitive.
One issue longer term for the strength of the Australian Dollar exchange rate is what will happen with Chinese growth which may slow during 2015. This could weaken the AUD against Sterling in the longer term.
If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian [email protected]