The Pound to Australian Dollar exchange rate's recovery meets a key technical hurdle that could frustrate further advances in the coming week.
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A major investment bank has said it thinks the Australian Dollar can continue its streak of outperformance.
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The Pound to Australian Dollar exchange rate can recover to 1.91 this week.
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The Australian Dollar scaled January highs as it proves to be one of the main beneficiaries of the relief rally underway in global markets, which can continue into the weekend.
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The Australian Dollar is the top-performing G10 currency after Australian retail sales beat expectations and raised the odds of another interest rate rise at the country's central bank.
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The Australian Dollar is on the defensive after the Reserve Bank of Australia released its June meeting minutes, however, weakness might prove shortlived.
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Since the start of the year, the year-end median forecast for the Pound to Australian dollar exchange rate has risen by 500 pips.
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