Will GBPAUD rise above 2 for a sustained period?

Australian Dollar Forecast: AUDGBP gains by 10% since April

GBPAUD appears to be on the rise once again but everytime we have hit or are close to hitting 1 GBP = 2 AUD something happens to knock down the price and find rates falling. I think if you need to buy AUD holding on too long expecting rates to just hit this level could be misplaced. The RBA (Reserve Bank Australia) have indicated that they will not be cutting rates further at this stage although much further down the line this may well happen.

If you need to buy or sell AUD in this current market making some careful plans now is the best way to avoid the losses that you could incur if you find rate have moved against you. If there is anything you wish to discuss relating to an exchange in the future please contact me Jonathan on jmw@currencies.co.uk