British £ to Aust $

I've watched the pounds decline just recently,and I'm looking at bringing an amount over from the UK, can you see a decent turn around for the pound in the next couple of months especially now with all the uncertainty of the U.K. staying in the EU

Hi Simon,

Thanks for getting in touch.

In answer to your question, the European Union In / Out referendum is expected to weigh down Sterling until 23rd June, at least. The real risk for the Pound is a vote to ‘leave’ – leading investment banks predict that this could knock up to 20% off the value of the UK unit. The market is forward-thinking, so if a ‘leave’ result appears likely in the lead-up to the vote, then support for Sterling will ebb.

For this reason, many investors are looking at selling their Sterling sooner rather than later.

Regards,

John Cameron
currencynews.co.uk
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