The Australian dollar has surged to a 26-year high against the pound, as fears of a possible Greek default ease.
CMC foreign exchange dealer Tim Waterer said the Aussie dollar was one of the strongest performing currencies on Thursday, after encouraging news that Greece's parliament had passed a key cost cutting package.
"(It was) a pretty remarkable rebound, really, when you look at the course of events this week," Waterer said.
Greek politicians voted overnight for a package to slash 28.4 billion euros from government spending by 2015.
It was the first of a two-part vote aimed at unlocking emergency finance from the European Union and the International Monetary Fund. The second vote is on Thursday.
The Australian dollar rose to 66.68 pence on Thursday, the highest level since 1985.
Against the US dollar the Australian dollar rose to a three-week high 107.46 US cents.
The Australian dollar also rose against the euro and yen.
