Overnight, unemployment rate figures for Australia were released. The figure surprised many financial experts by coming in better than expected (0.2%). This gave temporary relief for aussie sellers with rates dropping back into the 1.98s. However since then rates have steadily crept back towards 2.
Over the last month GBP/ AUD exchange rate has fluctuated 3.98%. If you had traded £200,000 at the high compared to the low you would have received an extra 16,000 aussie dollars!
This is why it is crucial if you are looking to buy or sell dollars, to get in touch for a short or long term forecast, to try and maximise your trade.
My direct line is 00 44 1494 787 478 or alternatively email [email protected]