The Pound to Australian Dollar rose marginally on Tuesday following an equally diminutive rebound on Monday making two up days in a row this week so far.
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Sterling has been losing ground across the board due to renewed Brexit fears.
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Analysts at Westpac Bank in Sydney are calling time on Pound Sterling’s recent strong run against the Australian Dollar.
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The Australian Dollar rose temporarily after strong employment data boosted the outlook for the economy on Thursday but those gains proved ephemeral after it became clear most of the job gains had …
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The Australian Dollar received a boost from the April jobs report overnight which showed a +37.4k increase in employment but the big picture for the currency remains resolutely global in nature.
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After a shaky start, the pound has recovered versus the Australian Dollar this week.
Read more … →GBP/AUD has formed a bearish topping pattern on the daily chart, which suggests a strong possibility of further downside.
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