FX - GBP/AUD

[Mattt]

I've got a chunk of AUD that I'm looking to move back to the UK at some point in the coming months.

Anyone have any thoughts on how the market will be heading?

I'm hoping we'll see a strengthening of the Aussie back towards last year's levels but it seems doubtful.

[jeff m2]

I think your assessment is correct.

Snippit from Bloomberg
IMF reckon 10% overvalued.
Although Sterling is a tad strong too


While the Reserve Bank of Australia “has done a lot” with 225 basis points of rate cuts since late 2011, it can’t engineer a depreciation of the currency, Brian Aitken, IMF mission chief, Asia and the Pacific Department, said in response to questions in Sydney yesterday. With the benchmark interest rate at a record-low 2.5 percent, the RBA still has room to respond if the growth outlook worsens