Is the UK £-Australian $ exchange rate going to change in the £'s favour over the next six months?

Question

Is the UK £-Australian $ exchange rate going to change in the £'s favour over the next six months?

Answer 1

It's impossible to know but the AUD is very strong and our economy is booming and looks to continue to do so. We're very close to parity with the USD and how the AUD goes in relation to the pound will be pretty much up to the UK's economy and political situation. My guess would be that the pound will lose a bit of ground against the AUD, but I wouldn't bet any of my own money on that happening.

Answer 2

If there is a change of government in the UK initial optimism may cause a strengthening in the pound. Even the demise of Bush in the US could have a benefit to the pound.

However with the volatility of markets and the grubby little sh*ts that deal with currency and futures trading, who knows?

Answer 3

The exchange rate is already in the £'s favour. You get more then double when you convert to AU$

Answer 4

how can anyone know that?

Answer 5

yes you do win, the pound is worth more than Australian dollar

Answer 6

find a crystall ball

Answer 7

watch some business channel they usually gives information on currency exchange and how particular currency is gonna do in the future