Sterling has had a good start to the week as predicted in my previous post with the release of the Ernst & Young Item Club report which has upgraded the growth forecast for the UK in 2016.
This has seen Sterling strengthen across the board and lead to some good opportunities to buy Australian Dollars with Sterling.
RBA minutes are due out tomorrow and this could see Sterling rally against the Australian Dollar taking exchange rates higher if there is a hint that the RBA may cut interest rates next month.
If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian [email protected]