The Pound to Australian Dollar (GBP/AUD) exchange rate could retest 2.0 this week.
The Australian Dollar rose and RBA rate cut expectations retreated following the release of labour market data.
The Australian Dollar's selloff accelerated in midweek trade amidst talk of Chinese Yuan devaluation and more 'dovish' commentary from the Reserve Bank of Australia (RBA).
The Australian Dollar dropped in value after the wind changed direction at the Reserve Bank of Australia (RBA). Chinese stimulus promises are limiting downside.