Australian Dollar positive on Chinese Data (Tom Holian

AUDGBP Buyers Emerge at 0.55 After Pound Surge

Sterling vs Australian Dollar exchange rates have fallen marginally after some positive news from China.

The world’s second largest economy has reported better than expected capital flows and economic stabilization and have also suggested that a cap on commercial lending could be removed.

As Australia’s biggest trading partner anything that happens in China has a positive effect on the AUD vs GBP which is the reason for the mild strengthening this morning.

However, whilst the Greek uncertainty continues this is discouraging global investors from holding riskier currencies including the AUD, NZD & ZAR.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]