GBPAUD is likely to fall further!

AUDGBP Lower After Melbourne Sees Travel Restricted

GBPAUD has fallen as we expected because of the upcoming UK election. To what extent will this continue in the coming weeks? Well personally I would expect the pound to dip further in the short term because of the election but to rise after once the election is resolved. In short if you need to buy Australian dollars with sterling moving quickly or waiting until after the election is sensible. If you are selling AUD to buy GBP then moving amidst the uncertainty seems sensible to me, making plans in advance is the best way to ensure you can capitalise on any volatility.

For more information at no cost or obligation please contact me Jonathan on [email protected]