Transfer GBR to AUD

Hi, Over the last few weeks I've seen the GBR to AUD fall from AUD$2.20 down to AUD2.08 to the Pound sterling. Do you see this trend continuing in the near future? Many thanks

Hi Matt,

Thanks for getting in touch via our partner company currencynews.co.uk.

In answer to your question, the Australian Dollar has performed strongly during the past couple of weeks thanks to a turnaround in the fundamentals.

Investors previously believed that US interest rates were almost certain to rise before the end of the year but this has changed since a week set of American job creation numbers, published at the start of this month.

An improvement in sentiment towards China has provided further assistance for the Aussie.

GBP AUD certainly appears to have peaked and with the main drivers now favouring the AUD, you might be wise to consider acting sooner rather than later.

Regards,

John Cameron
currencynews.co.uk
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