Increase in Australian Unemployment weakens AUD – Big day for those following GBP exchange rates today

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

The Australian Dollar weakened a little in trading today following unemployment figures being released at 6.3% – A little higher than expectations of 6.1%.

I am still firmly of the belief the the Australian Dollar is in for a tough second half of 2015 and lets be honest the performance in the first half hasn’t been much better than Australia’s performance in the ashes in two of the tests.

Today is bound to be a busy day for those with an eye on AUD/GBP exchange rates as the Bank of England release their interest rate decision, meeting minutes and inflation report.

This could be a strong day for the Pound so if you are looking to buy Australian Dollars then an opportunity may arise for you.

If you have a currency exchange to carry out involving the Australian Dollar then it may be well worth you getting in touch with me personally, the company all of the writers of this site work for has won many awards for exchange rates and we generally find we can beat any other company out there, along with providing a friendly and efficient service.

Feel free to contact me (Daniel Wright) on djw@currencies.co.uk and I will be more than happy to discuss the options we can offer you on securing your rate, and provide you with a comparative quote to see if you really are getting the most for your money.