GBPAUD rates return to favour for Aussie sellers…

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

Perhaps one of the most talked about concerns regarding the Aussie is its ‘overvalued’ status. In short because the Aussie has been used by speculators and strengthened so much in recent years, many are expecting that in fact the Aussie will be sold off in much the same way it was bought. These expectations are the result of the RBA (Reserve Bank of Australia) categorically stating that the Aussie is overvalued and a weaker AUD would help their exports.

If you need to sell AUD for the pound, rates are an improvement on recent levels as sterling has dipped. I would not expect this to last too long and I would expect that further falls later in the year will see rates move back to the kind of levels seen before Christmas.

For more information on how we can assist with not only the best exchange rates but also all he information to make an informed decision please speak with me directly on jmw@currencies.co.uk