I think the Aussie will now suffer and GBPAUD will drop a bit closer to 0.50 gbp / 1 AUD. This is great news for anyone buying Australian dollars but not the best of news for anyone selling the Aussie! Just what can we expect to see happen longer term on the currency pairing? Well the Reserve Bank of Australia have made no secret of their intention to seek a weaker currency to help boost their exports.
Historically we are at some very favourable levels to buy the currency, if you have a currency requirement in the future it is worth making firm plans in advance so that you do not get caught out. For more information on the best course of action please speak to me Jonathan on [email protected]