The pound to Australian dollar exchange rate is 0.697% lower on the day with GBP AUD at 0.697%. A note from Money Transfer UK released this morning notes that the Australian dollar continues to strengthen, indeed, it strengthened 'significantly' yesterday boosted by positive GDP data. Money Transfer UK says those people looking to buy Australian dollars with sterling could have lost out as August's highs have now passed. "A strong recovery from the Australian economy’s contraction in the second quarter has improved the aussie dollar’s appeal. Australian GDP grew by 1.2%, ahead of expectations of a 1.0% increase. With growing concerns of an Australian economic slowdown in recent weeks, the aussie dollar is trading strongly off this recent figure," says a morning note from UK money transfer company Caxton Fx. GBP AUD is back down trading at 1.51, helped by improved regional stocks. Sterling may well remain on the back foot today. Looking at the New Zealand dollar we see that the NZD could not match the AUD’s outperformance, but finished flat on the day. Sentiment turned positive in the Asian markets, which saw the Nikkei gain by 2.0%. The kiwi dollar remains fairly well-hemmed in by ongoing nervousness surrounding the eurozone and global growth. Asian still has plenty of growth potential and its regional trade links should maintain support for New Zealand’s exports. Sterling continues to trade around the 1.93 mark against the kiwi dollar. This pair may edge lower if the stock markets continue to improve; European stocks are already up by nearly 2.0%.

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