Where next for the Aussie?

AUDGBP Makes Back Some Lost Ground From Last Week

Well the UK election is now out the way and following some overall very positive news for sterling buyers of the Australian currency we may yet be looking at some big improvements for those selling Aussies for the pound. The pound should come under pressure and the Aussie dollar strengthen as investors focus shifts toward future uncertainty for UK plc. Just what kind of rate would you expect to achieve when selling AUD for GBP. It is always tempting to gamble for more but in my experience taking stock of the current moves and fixing something in seems sensible.

For more information on the forecast for the AUD against the pound and to be kept up to date with all the latest news on the market please contact me Jonathan on jmw@currencies.co.uk