The next few weeks will I believe offer up the best opportunity to sell AUD for GBP that we may see. Why is this I hear you ask? Well it is because the UK election is very likely to cause the pound to weaken. The pound will likely weaken which give anyone buying the pound an excellent opportunity to purchase it.
Looking over the horizon most analysts expect sterling to fall before the election and rise after. Therefore the Aussie which has recently risen because the RBA (Reserve Bank of Australia) didn’t cut their base rate is finding and likely to find further, an improved price which may not last.
If you need to buy or sell Australian dollars in the future making some firm plans now could save you money. Please email me Jonathan on [email protected] to learn more.