The Reserve Bank of Australia has recently indicated that there will b no drop in interest rates until February at least. This has caused the Aussie to strengthen significantly against Sterling. I think the new buoyancy levels will remain between 2.04 and 2.09. I think there will not be any substantial Sterling gains until Q2 2016. If you are looking to buy AUD I would be looking to move if Interbank moves above 2.08. The day of 2.15 + look along way off.
Keep an eye out for unemployment figures on Thursday 10th December, there is expected to be a rise from 0.5% to 0.6%. If the figures come in better than expected expect significant movement in AUD favour. If you have an AUD requirement short term I would move before hand to avoid any unwanted volatility.
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