GBPAUD has risen on the unexpected election result to rates above 1.96 today! This is an excellent opportunity for anyone buying the Aussie to catch up on what are some of the best rates in many years. Taking such a risk on the currency would be in my opinion dangerous as the RBA have now cut their base rate (it didn’t really affect the market that much!) and as the market digests the Tories in power it is likely we will see nerves from the referendum increase.
If there is anything you wish to discuss please don’t hesitate to contact me directly on [email protected]. Taking a risk on the currency could be dangerous so please speak to me about anything you might need. Taking a risk on currency doesn’t always pay off! that why it is sensible to make some plans in advance.