Australian Dollars

[SOMMERS]

In ten months time we are making our first trip to Australia. We are ready to start looking at exchange rates and wondered what would be a good rate to buy at and what rate to ignore. Will post brexit be better / worse or no effect?

[Buenchico]

The Governor of the Bank Of England (who might be expected to know about such things) has suggested that a 'no deal' Brexit could see the value of the pound fall by 25%. Even a 'deal' Brexit is likely to see a fall in the value of the pound, as official figures such that it will significantly harm the UK economy. So it might be best to buy foreign currency as soon as possible.