08 December 2017

Pound reaches 16 month high against Australian Dollar

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The Pound against the Australian Dollar and New Zealand Dollar is at a 16 month high as result of restored Brexit negotiation hope.

Australian foreign currency exchange

The Pound against the Australian Dollar and New Zealand Dollar is at a 16 month high as result of restored Brexit negotiation hope.

The Sterling rose against the Australian and New Zealand Dollar on Thursday to the highest levels since last year's Brexit vote, thanks to the hope that some progress is being made in the Brexit negotiations. The Pound strengthened following reports on Wednesday evening that suggested the UK's "divorce settlement" from the European Union was approaching agreement. UK investors certainly welcomed this prospect, as Sterling climbed to 4 cents, to over 1.775, against AUD and nearly 5 cents, to over 1.965, against NZD.

With both the Antipodean currencies at 16 month highs, now is the right time to be speaking to our partners Halo Financial to plan your currency needs.

We work alongside Halo Financial who provide efficient and cost-effective solutions for transferring your currency overseas. Using a professional company such as Halo will save you time and money when transferring your funds abroad.


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