The Pound to Australian Dollar exchange rate (GBPAUD) is recovering after finding support at 1.96, as we predicted.
The Australian Dollar is primed to benefit as the U.S. Dollar bull run runs out of steam.
The Australian Dollar could be at risk of decline when Donald Trump takes aim at Chinese imports, warn analysts.
Pound to Australian Dollar Week Ahead Forecast: Still Vulnerable, But Looking Better Supported
- Category: AUD
GBPAUD exchange rate has been under pressure this year, but the selloff is starting to look mature and we think Sterling can be better supported from here.