Sterling Australian Dollars are getting close to the highest level seen all year and the best exchange rates for many years when buying Australian Dollars.
The FOMC minutes released on Wednesday night suggested that things in America are slowing down which has led to a sell off for riskier currencies including the Australian Dollar hence the reason for the weakness seen during today’s trading session.
The rumours in Europe are that QE may be brought forward for the next couple of months which has also led to Sterling strength across the board.
US inflation data is due out tomorrow afternoon and this will be a huge influence as to what may happen with Sterling vs the Australian Dollar over the next few days.
My suspicion is that we’ll see a Sterling rally vs the Australian Dollar creating some excellent buying opportunities.
If you have a currency transfer to make and want to save money on exchange rates compare to using your own bank then contact me directly for a free quote. Tom Holian [email protected]