GBPAUD spikes higher again on 1.90!

Australian Dollar Gains a Cent on EUR and USD in a Week

GBPAUD was always set to rise this year as the UK look set to raise interest rates and the Australian economy slows down. The extent to which this has manifested in recent weeks can be seen as rates rise at almost 1.92 on the interbank rate as I write.

All in all it is a very good time for AUD buyers, you should not worry too much for rates to climb much higher with GBP weakness expected due to the General Election. If you need to buy or sell the Aussie making plans is always sensible with such a volatile currency! Please contact me Jonathan on jmw@currencies.co.uk to learn more.