The British pound looks set to cool against the Australian dollar this week, though dips should prove shallow and the uptrend stays intact.
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A surprise fall in employment and a retreat in global bond yields have cooled bets on another Australian rate hike.
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Hawkish minutes from the Reserve Bank of Australia have put another interest rate hike back on the table.
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Sterling sits at the centre of its Australian dollar range, with even odds on the next leg.
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Higher RBA interest rate expectations have prompted one of Australia's largest banks to lift its Australian dollar forecasts.
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Sterling's rebound against the Australian dollar looks set to stall this week as the Aussie stays well bid.
Read more … →Soft Australian core inflation erodes bets on another RBA hike, lifting the pound through its 100-day average.
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