GBPAUD falls!

AUDGBP Continues to Rise, But How Long For?

The rate on GBPAUD has fallen despite the RNA (Reserve Bank of Australia) cutting their base interest rate. If you need to buy or sell any currency for an overseas property making some plans sooner rather than later is I believe a very wise decision. The UK election is likely to see sterling weaken against its peers and we are also expecting further AUD strength as the Australian economy picks up because of the recent interest rate cut.

If you have a foreign currency transaction to consider involving sterling please highlight your situation to me on jmw@currencies.co.uk as I am very sure I can offer up some useful information to help you make the most of the uncertainty,