Relocating to Australia? Have you thought about exchange rates and how many Aussie Dollars (AUD) you will receive for your GBP?
Our Foreign Exchange Partner – Halo Financial provide an update of GBP/AUD for our candidates...
At the time of writing, worse than expected Chinese Data has given a boost to GBP, the Aussie Dollar and should hold on above 1.90.
The UK month to month GDP figures are expected to flatline, with the Preliminary quarterly figures to show a slight negative contraction to -0.1%. If the UK economy beats those expectations, it could be good news for Sterling sellers going into next week, worse than expected figures would mean quite the opposite.
On the Aussie side of things, the RBA raised rates again this week, signalling the RBA as a bit of an outlier among the major currencies who all now seem to be in a pattern of holding before the expected cut cycle begins in 2024.
The RBA did state they remain willing and able to continue to raise rates again before year-end should it be needed. Look to Aussie Unemployment and Wage Price Index figures released next week to get some indication on that.
Find out more about the exchange movement and how to achieve the best possible exchange rates from Halo Financial.
Contact: Geraldine Collett geraldine.collett@halofinancial.com
Mention Head Medical to receive preferential exchange rates and no Halo transfer fees or complete the form at the following link https://www.halofinancial.com/head-medical