Of late GBPAUD has been on a downward trend and the market has been fluctuating in the low 1.90s.
The talks of a ‘Brexit” has been heavily weighing down on the Pound which has caused significant sterling weakness.
For sellers of Australian Dollars into Pounds, there’s a strong argument to suggest GBPAUD is going to have a sustained period in the 1.80s leading up to the referendum come June 23rd.
However within the last year, numerous times the Chinese stock market has taken a tumble, which has a detrimental impact on the Australian Dollar.
If you are buying or selling Australian Dollars I would recommend getting in touch to put a strategy in place, which will maximise your returns. In order to protect you against market fluctuations we have different contract options available that will meet your needs and requirements.
In addition if you have a currency transfer that is immanent and you want to save money on exchange rates compared to using your own bank or the brokerage you already use then contact me directly for a free quote. Dayle Littlejohn firstname.lastname@example.org. Alternatively if you would prefer to call me +0044(0)1494 787 478 and ask for Dayle Littlejohn.