Pound to Australian Rate has Potential to Recover Furher Over Next Five Days

The Pound to Australian Dollar has bounced over the last week and may continue in the week to come.

The Pound to Australian Dollar has continued falling in a trend established after the exchange rate peaked at the 1.7660 May highs.

The outlook for commodity prices may be the key factor influencing the direction of the Australian Dollar, according to the views of leading FX analysts.

The Australian Dollar was unable to hold onto early gains against the majors on Monday morning after intial strength faded due to a lack of confidence in future commodity prices.

The Pound to Australian Dollar continues to show a downtrending bias at the start of the new trading week.

The Australian Dollar will probably strengthen marginally versus the Pound over coming months.

 The Pound to Australian Dollar exchnage rate has been moving sideways as the outlook for both currencies remains marred.

Most currencies will not be able to avoid a certain amount of weakness after the next meeting of the Federal Reserve on Wednesday, June 13.