Hi all,
The Australian Dollar today is still one of the strongest currencies of the day even after weak chinese numbers and expected to be quiet until we hear more from the ECB and the FOMC meetings next month.
Whilst this is the greatest news for those needing to sell australian dollars it is great news for exporters. We are however looking for the pounds to australian dollar exchange rate to head back into the 1.5500 area over the coming weeks as the euro crisis carries over another month.
Pounds to Australian Dollars = 1.4900
Bye For Now
IMS Foreign Exchange
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