Non-Farm payroll data and fears over referndum polls give AUD sellers an opportunity (Daniel Wright)

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

We have seen an opportunity for those looking to sell Australian Dollars during the trading day today, with rates dropping right back into the 1.98s (0.5050) levels.

Personally I see this as more of a brief opportunity rather than the start of a trend but a lot really does depend on how the next set of polls come out in the U.K as Sterling is particularly shaky at present.

With the election starting to gather momentum over in Australia there is still a good chance of Australian Dollar weakness in the coming weeks too so this is no doubt a pairing to watch extremely closely if you need to transfer funds to or from Australia,

Here at Australian Dollar Forecast we pride ourselves on keeping people up to date with the very latest market movements, we have market tools that can help you take advantage of spikes in your favour and we can generally better any other brokerage out there in terms of our rates of exchange. If you would like to test us out then feel free to email me (Daniel Wright) the creator of this site many years ago for a free, no obligation quotation or an overview on the options we have available to you. You can get me by email on djw@currencies.co.uk or by calling our trading floor on 01494 787 478 during U.K trading hours. Please ask for me (Daniel Wright) directly.