Australian Dollar Strength (Tom Holian)

AUDGBP Bounce Fails to Top the 0.5500 Level

GBPAUD exchange rates have fallen during the course of today’s trading session following the release of UK Retail Sales.

Sales fell 0.3% in January compared to December and the figures show the biggest year on year fall since records began in 1997.

This caused Sterling exchange rates to fall against most currencies and we have seen over a 2 cent movement from the high to low today.

Crunch talks are still ongoing in Europe concerning the Greek issue and with a possible end in sight over the weekend we could see further Australian Dollar strength if a resolution is reached.

The next few hours are going to be crucial for the future of the Eurozone and I think we will see a deal agreed.

If you have a currency transfer to make and want to save money on exchange rates compared to using a bank then contact me directly for a free quote. Tom Holian [email protected]