The Pound has surged to a new four-year high against the Australian Dollar following the Federal Reserve's December policy update. However, GBP/AUD now screens as overbought.
The Australian Dollar was broadly lower following weak Chinese retail sales data.
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.
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