GBPAUD nearly at 2!

AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

GBPAUD continues to offer extremely good value as investors fears over lower commodity prices and potential further cuts in the Australian Interest rate keep the AUD on the back foot. will we see 2 anytime soon? Well it will take a big reversal of fortunes but does seem probable looking at the current state of play on the market.

It would seem highly reasonable to expect improvements but anyone buying Aussies should beware of the General Election later in the year which could cause sterling to plummet. To keep up to date with the latest news and forecasts please contact me Jonathan on jmw@currencies.co.uk