Australian Dollar battles back against the Pound – Australian Dollar exchange rates (Daniel Wright)

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The Australian Dollar has gained back some ground against Sterling after hitting a multi year high merely a few weeks back.

It appears that although RBA Governor Steven’s appears to be constantly campaigning for Australian Dollar weakness the AUD is still battling back and has gained back almost 3% in the past week or so.

The Pound at present does have a grey cloud hanging over it mainly down to poorer economic data from the U.K over the past week or so, the prospect of an interest rate hike being pushed further and further back for the U.K and the pending election already starting to hit the media in the U.K which is causing a little political uncertainty and causing investors and speculators alike to start to think twice about Sterling for the time being.

If you have the need to either buy or sell Australian Dollars in the near future it may be prudent to contact me (Daniel Wright) with some details of what you are looking to carry out and I will more than likely be able to help you.

We can generally achieve much better rates than the banks and rarely get beaten by any brokerage in terms of exchange rate and service. All you need to do is email me on djw@currencies.co.uk with a description and I will be more than happy to give you a call personally.