GBPAUD: Near term momentum still with sterling – Westpac

The Bank of England’s new policy preference to raise its official interest rate in coming months prompted a sharp rally in the pound against all major currencies, including the Australian dollar, explains Sean Callow, Research Analyst at Westpac. Key Quotes “In coming weeks ...

GBP/AUD rises again toward 1.7000, more gains ahead?

GBP/AUD bounced sharply today from 6-day lows at 1.6850 and rose to test last week highs above 1.7000. The move was boosted by a slide of the Australian dollar across the board.  The Aussie weakened after the decision and the statement from the Reserve Bank of Australia. The central bank kep ...