Pound gains on Aussie dollar ahead of Ashes

<p>British visitors to Australia are getting good value from the pound.</p>

The English pound has been gaining on the Aussie dollar in the last few days, ahead of the start of the Ashes cricket contest between the two nations.

According to a report by Sainsbury's Bank Travel Money, there has been a 38 per cent rise in the amount of Australian dollars sold in the run-up to today's (November 20th) first Test match.

James Carter from Sainsbury's Bank Travel Money explained that a "healthy" rate of exchange is available for English cricket fans who are heading to Australia to support their team in the coming weeks.

"Strengthening against the pound by 11 per cent since May this year, it confirms that now is a great time to buy Australian Dollars," the company noted in a statement.

Sterling recently got a boost with the release of the Bank of England's inflation data, which showed a surprise drop in the headline rate towards the government's target of two per cent.

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