GBP to AUD

Higher consumer confidence and M&A activity have helped lift the AUD but it will now be challenged by November labour data and the Federal Reserve.

The gap between Australian and US bond yields now favours the US Dollar but strategists don't expect this to cause much further headache.

The Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts at HiFXThe Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts at HiFX

The GBP/AUD pair has broken above key resistance provided by the major trend-line and is not consolidating ahead of another possible leg higher.

The Reserve Bank of Australia’s April monetary policy meeting saw policy makers express discomfort with the strength of the currency allowing the pound sterling to hold the gains it has made over the past 24 hours.

The GBP/AUD's down-trend dominates despite early signs of a fight back. 

Citibank, the world’s largest currency dealer, believes the major threat to extensive Aussie Dollar appreciation is the Reserve Bank of Australia.