The Australian Dollar was broadly firmer on the day Australian GDP data confirmed to analysts that the Reserve Bank of Australia (RBA) is on course to deliver an interest rate cut after the other m…
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GBP/AUD is firm at the start of week packed with Australian data releases and the UK's midweek budget.
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The Australian Dollar was the second-worst performing G10 major after Australia's monthly inflation print undershot.
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GBP/AUD can move higher over the coming days thanks to a broadly constructive technical setup, however, any surprises in this week's Aussie inflation figures would invalidate this view.
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Australian wage increases proved a little hotter than the market was anticipating in the final quarter of 2023, a development that should ensure the Reserve Bank of Australia (RBA) maintains a caut…
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The Reserve Bank of Australia is not yet ready to allow Australian financial conditions to relax as it maintains a vigilance against inflation that includes a threat to raise interest rates again.
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The Pound to Australian Dollar exchange rate is liable to weaken further over the coming days, although downside should remain relatively limited ahead of an eventual extension higher.
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