The Pound to Australian Dollar exchange rate (GBP/AUD) is supported, but there is limited prospect of a sizeable appreciation in the near future.
Activity Data out of China helps the Australian Dollar outperform most peers.
Pound to Australian Dollar Forecast Guide for end-2024: Big Investment Banks See Losses Ahead
- Category: AUD
The Pound is richly valued against the Australian Dollar and could fall.
GBP/AUD is forecast to probe the upper end of a short-term range in the coming days, thanks in part to disappointment over weekend events in China.