Australian Dollar rises back up

Read Halo's latest Sterling-Australian Dollar Quarterly Forecast

The Sterling-Australian Dollar (GBP-AUD) exchange rate is an important consideration for those migrating to Australia. For many migrants the exchange rate largely impacts their ability to afford relocating Down Under. You can keep up-to-date with the market by following financial blogs and engaging in a professional foreign exchange service, such as Halo Financial.

In Halo's latest Sterling-Australian Dollar Quarterly Forecast, the following findings have been highlighted:

  • The Australian Dollar has risen back up as result of improved economic data in the form of increased Australian retail sales, renewed business confidence and impressive job data.
  • The Reserve Bank of Australia (RBA) appeared to be approaching future monetary policy decisions with a slightly less tentative stance, prompting murmurs of potential interest rate changes in 2018.
  • Sterling has improved in recent months but is still at risk as the UK waits on further Brexit negotiations.

Guidance for AUD buyers:

  • It is worth considering targeting 1.74 and 1.78 levels on the AUD buying side depending on your timeframe and risk appetite.

For further insight you can view Halo's full Sterling - Australian Dollar Quarterly Forecast here.

Why Halo Financial?

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.

  • Market leading exchange rates
  • Quick and easy payments
  • Flexible payment solutions to suit your needs
  • 0% commission charges
  • 24 hour monitoring of exchange rates

Meet the Halo team at one of our Migration Seminars.

Alternatively you can contact Halo Financial using the details below. Please quote promotional code 'Visa Bureau'.

Phone: 020 7350 5473

If you would like to understand your Australian visa options, complete our free online assessment below: