John From Moneycorp

The Pound vs Australian dollar

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    Pound looking to end the week on a high

    After some difficult weeks, the pound looks to be ending the week on a high, rising against most major currencies.

    Positive retail sales in the UK and snippets of good news on the Brexit front this week appear to be contributing from the pound’s perspective.

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    The big news was on Friday last week as Britain and the EU came to an agreement. EU President Jean-Claude Juncker confirmed that sufficient progress had been made to move on to trade talks between the UK and the EU.

    The latest talks provided some resolution on the matter of the Irish border and reassurance of EU citizens’ rights.

    Following the announcement, there has been a lot of scrutiny on the Irish border issue and how, in fact, this will be resolved. 

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