The Independent News and Data Provider
The Pound has confounded expectations with sharp gains over all major rivals until Thursday, leading to much head-scratching in some parts and prompting Pound Sterling Live to draw on the buy-side expertise of Toscafund Asset Management to tell the untold story of Sterling's steamrolling 2021 rally.
The Pound-to-Australian Dollar rate rose on Tuesday, helping preserve what remains a year-to-date gain for a British currency that is increasingly a market favourite for 2021, although nascent price action may be only just the beginning of a likely-losing battle by the Aussie to hold the GBP/AUD rate down.
The Pound remained the outperformer for 2021 Thursday, after being aided by the People's Bank of China (PBoC), which may need to lift GBP/USD to 1.43 and GBP/EUR to 1.17 in February or just after if it's activities are to be conducive to the win-win cooperation Chinese diplomats are renowned for.
The Australian Dollar was lifted Monday by a surprise injection of stimulus into the Chinese economy from authorities, and is likely to edge steadily higher throughout 2019 according to forecasts from Commonwealth Bank of Australia (CBA).