Are we likely to see 1.80 or 1.90 on GBPAUD exchange rates? (Dayle Littlejohn)

Could this Key Week for Brexit Negotiations Impact AUDGBP?

In recent weeks GBPAUD has been plummeted due to the upcoming UK referendum in regards to remaining or leaving the European Union. I am in no doubt the Pound will continue to suffer leading up until June 23rd, therefore there is a strong possibility GBPAUD could reach 1.80.

However Prime Minister Malcolm Tunbull has threatened an election could be on the horizon as early as July if his labour reforms are not approved. Elections heavily weigh down on the countries economy therefore if an election date is announced I expect GBPAUD to break back through 1.90.

If you are buying or selling Australian Dollars in the upcoming weeks or months, uncontrollable events are going to have either a positive or negative impact on your exchange rate. Therefore I recommend getting it touch and we will then keep you updated with all the latest news and events which will help you save money.

The currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on drl@currencies.co.uk.

The more information you provide me, the more information I can provide you, below is a list of what I require:

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