May 22 2017

GBP Rising in Value against AUD again

Is the GBP rising in value to the AUD again?

The Pound  is standing at a value of 1.75 Australian Dollars, still low compared to pre Brexit, but better than the low it reached of about 1.55 last year.

With CBI figures showing that 41 per cent of manufacturers have seen production rises in the past three months, compared to only 12 per cent showing falls, the figures appear to have resulted in a stronger Pound.

However, are these increasing exports being caused by the lower Pound, and will it change if the Pound was to recover fully.

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