Pound-Australian Dollar Consensus Forecast: New Targets Show Extent of Coming Weakness
- Category: AUD
The consensus amongst investment banks is that there's about 200 pips of decline ahead in the coming weeks.
The pound-Australian dollar exchange rate is poised to extend its downtrend.
The Australian dollar is forecast to continue outperforming the pound by analysts at Rabobank.
The Australian dollar extended gains after Australia's labour market posted strong full-time job gains and underpinned bets that the RBA will raise rates in May.
