Australian Dollar Recovery Threatens Further Losses for GBP/AUD

Stock markets are falling amidst rising bond yields, creating a typically difficult global context for the Australian Dollar.

GBP/AUD could hold recently recovered 1.88, scope to edge higher with probe above 1.90.

GBP/AUD risks slippage near to 1.8815, may struggle above 1.90 in short-term.

The Australian Dollar could benefit this year from a recently proposed review of the Reserve Bank of Australia’s (RBA) mandate.

"The AUD can be expected to find support on stronger than expected wage related data" - Jane Foley, Rabobank.

GBP/AUD eyeing 1.9052 as antipodean currencies slip, Fed’s hawkish policy shift lifts USD, hampers AUD/USD.