“Sterling’s recent rally has supported a total gain of about 6% in our long GBPAUD trade since we initiated on 23 March,” says Hamish Pepper at Barclays.
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The Australian Dollar continues to trade in a sideways range in most pairs, but in the short-term at least it could get a back-draught from the weather.
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The Pound to Australian Dollar rose strongly in the previous week after Theresa May’s announcement to hold an election in June but it has now reached uncomfortably close to a level which is likely …
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GBP/AUD has risen strongly over recent sessions and achieved levels which change the whole outlook for the chart from a technical perspective.
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Markets surprised by lack of reaction to minutes but then Aussie falls following softening in iron ore prices
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Two major institutional strategists have come out to call the GBP/AUD exchange rate higher in the near-term.
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GBP/AUD is showing bearish potential after rotating lower after encountering resistance at the 200-day MA and the top of a pattern.
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