The RBA didn’t throw up any big surprises to the markets in trading today as interest rates were left on hold and there were less signs than usual of any future interest rate reductions… Former Governor Glenn Stevens did seem to like leaving a few hints out there for future policy just to keep tongues wagging between investors.
The Australian Dollar has surged against the Pound in recent months following the referendum, the announcement by Theresa May on Sunday that the U.K would be progressing with Article 50 by the end of March and just the general way that the Pound has fallen out of fashion over the past few months.
With this in mind my personal view is that this is a fantastic time to be exchanging Australian Dollars into Sterling and the key in these scenarios is not to get too greedy as there are plenty of issues out there that may turn the tide back.
All you need to do is look at the issues in China, the potential of an interest rate hike in the U.S and the potential that once his feet are under the table that new Governor Philip Lowe may have larger plans than he has hinted at and we could well see this trend turn around fairly quickly.
I personally have assisted hundreds of clients bring Australian Dollars back into Sterling over the past couple of months and would be more than happy to help you too. Not only can we achieve much better rates of exchange than the banks but it is rare we cannot significantly better other well known brokerages too so it is well worth getting in touch with me if you find this website useful.
You can email me (Daniel Wright) creator of this site 5 years ago on [email protected] with a description of your requirements and I will be more than happy to contact you personally to discuss the options available to you.