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.
The Pound to Australian Dollar exchange rate (GBPAUD) is recovering after finding support at 1.96, as we predicted.
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