BREXIT increases costs for UK migrants to Australia
Migrants from the UK are feeling the financial implications of the recent EU referendum following the so called ‘BREXIT’.
As stock markets and currencies fell around the world, nothing felt it more than the Great British Pound (GBP). Sterling is currently at a 31 year low against the US Dollar and has lost more than 10% in value against the Australian Dollar over the last 2 weeks.
The Pound is currently at an 18 month low against the Aussie at $1.74, remember during September last year it was at $2.20, so that is a 20% fall in value in under 12 months.
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