Rates improve to sell Australian Dollars into Pounds (Tom Holian)

AUD GBP Lower as Traders Await RBA Meeting

The Australian Dollar has improved during the course of December after getting close to breaking past 1.80 just over a week ago.

The Australian Dollar has fought back against Sterling after the problems with the ongoing saga of Brexit.

Indeed, although talks have been allowed to move forwards towards phase two of the discussions we have not really seen any gains for the Pound vs the AUD as we are still headed for a long period of uncertainty ahead.

Australian employment figures have come out a lot better than expected recently which has provided the Australian Dollar with some recent strength against the Pound.

This has led to the possibility of a potential interest rate hike coming in Australia as it means the economy could possibly cope with a further rate hike and that has strengthened the Australian Dollar against the Pound.

Indeed, with all the uncertainty from the Brexit saga ongoing all the commodity based currencies including the NZD & South African Rand have improved against Sterling.

On Tuesday, Australia releases its latest minutes from the last RBA meeting.

If we see any hints towards a rate hike or any appetite for this in the new year then we could see further strength for the Australian Dollar against the Pound so make sure you’re ready to move quickly if required.

If you have a need to make a currency transfer in the coming days, weeks or months then feel free to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency compared to your bank or another currency broker.

Even a small improvement in the exchange rates can make a big difference so feel free to to email me and you may find you could save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on [email protected] and I will respond to you as soon as I can.