The pound has reversed its trend against the Aussie dollar as the odds of the feared triple-dip recession in UK, are much lower.
And with a possible bankrupt Cyprus, there's more wind in the sterling's wings.
Want a quote? Fill in the form below and ask your questions.
Peter Lavelle, chief economist at Pure FX
(Please bear in mind, these are the interbank rates at the time of writing. This means the exchange rate may have changed since then.)
It's the best time to exchange pounds for Australian dollars in 2 weeks at the moment, or since 7th March, as the pound hits 1.466.
To put this into context, the pound was as low as 1.4381 on 12th March. This tells us it's since climbed 1.94%, or almost 3 cents.
A £250,000 transfer would hence be worth $6,975 more today than 8 days ago.
Furthermore, looking ahead, I think the pound will keep climbing against the Australian dollar. This is because:
Hence, watch for the pound to keep rising against the Australian dollar!
Like this page?