GBP/AUD exchange rate is in a pullback that needs room to extend.
The Pound to Australian Dollar (GBP/AUD) exchange rate's rally is intact, but a retracement to support located at 2.0110 could see us into the new year.
The British Pound can ease back from recent highs against the Australian Dollar, although the bigger picture remains constructive.
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.