The Pound to Australian Dollar surged higher at the end of last week after the Bank of England (BOE) said it was considering raising interest rates sooner than expected by markets.
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Market doubts over the Reserve Bank of Australia's position could push the Pound-to-Australian-Dollar rate higher still.
Read more … →A stronger labour market means an RBA rate hike is now fully priced in for late 2018
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GBP/AUD has broken out of a consolidation pattern following an higher-than-expected UK inflation data release and in the process moved above a key trendline which might shift direction for the exch…
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“It is now likely that the RBA will be in a position by mid-2018 to remove some of the emergency stimulus in place,” says Westpac.
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The Pound to Australian Dollar is currently trading sideways as both the Pound and the Aussie Dollar suffer under a barrage of negative news headlines.
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July retail and trade data disappointed the market but strategists are increasingly bullish on the Aussie Dollar
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