UK GDP Sends Sterling up against the Australian Dollar (Tom Holian)

AUDGBP Bounces After Setting Lows for the Year

Sterling Australian Dollar exchange rates have risen as predicted recently with the positive announcement by the UK with GDP figures coming out a lot stronger.

This has led Sterling to rally across the board against all currencies and hitting the best level for buying Australian Dollars in almost 3 weeks.

On Thursday we see the release of Australian Trade balance figures and with exchange rates moving by a big range over the last few weeks this could have a big impact on how the figures come out and I think this could provide a better opportunity to buy AUD with Sterling if the figures are negative.

As we enter the Easter break the markets will not be available to trade so if you do have something to do over the next few days make sure you are aware.

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