The Pound has fallen back from Monday's highs against the Australian Dollar, putting the short-term recovery impulse into question.
The Australian Dollar trends lower in response to news China has retaliated to U.S. import tariffs.
Neither the UK nor Australia are in Trump's firing line, but the 'tariff trade' augments GBP/AUD upside.
The Australian Dollar was softer after inflation undershot expectations and brought closer a Reserve Bank of Australia (RBA) interest rate cut.
Horizon Currency Ltd
Albany House
40 Shute End
Wokingham
RG40 1BJ Companies House Registration: 11242368
Horizon Currency's payment and foreign currency exchange services are provided by:
Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).