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The past 24 hours have seen the Australian Dollar strengthen against the Pound to reach the high of 2022 so far, so if you are considering transferring any funds back to the UK now could be a good time for you.

A combination of the Royal Bank of Australia hinting at potential interest rate hikes and the escalating tensions in the Ukraine are two of the major causes for the AUD gaining momentum.

Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK.

Receive a free exchange rate quote 

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Thanks for the article Ian and welcome aboard.

 

Andy


Financial Adviser (FPA Member AFP ®) / Tax (Financial) Adviser (TPB)

SMSF Specialist Advisor™ (SSA™) / UK SIPP Authorised Adviser 

Specialising in UK Expat Retirement Planning Advice and Pension Transfers 

Director - Vista Financial Services – www.vistafs.com.au / 08 8381 7177

AR-322874 /AFSL-234951

 

Please note that my advice on this forum is general advice only and professional financial advice should be sought for your own personal situation.

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Certainly didn’t want the Aus dollar to strengthen for this reason but it’s surely gonna keep going. 

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6 hours ago, Ian from SendPayments.com said:

Sure seems to be that way, this week we have seen the best time in over 12 months to transfer funds home to the UK from Australia

Just at the time I'd like to do the other. I could have predicted this exchange rate movement based on the only guaranteed constant in life - "sod's law"...

 

Oh well, have to wait before buying the house...

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