GBP/AUS at Five and a half year high!
4 Feb 2015
Sterling hits a 5 ½ year-high against the Australian dollar following the RBA’s decision to cut rates. The Australian dollar slumped against the British pound and US dollar overnight as the Reserve Bank of Australia cut its overnight cash rate by 25 basis points to just 2.25%. Whilst many market commentators had predicted such a move this time around, the fact that the RBA did also signal that further cuts are likely and that the fall in the value of the ‘Aussie’ dollar remains fundamental in helping to rebalance its economy.
This has been the best time to move money to Australia for over five years, for more information on timing your money move and to get the best exchange rate possible, please contact our trusted partners at Moneycorp.
You can email them at: email@example.com or call them:
Within the UK 0207 589 3000
Outside the UK 0044 207 589 3000
All the best from the team at Immigration2oz