Falling industrial metal prices linked to disappointing policy developments in China are said to be weighing on the Australian Dollar.
Pound to Australian Dollar Week Ahead Forecast: Rally Strengthens on China Disappointment
- Category: AUD
Should global investor sentiment deteriorate further in the coming days, there is a good chance that GBP/AUD will make a run for 2024 highs at 1.9570.
AUD outperforms after the Australian Labour Force Survey revealed a solid increase in jobs. But Australia's biggest banks don't think this is enough to prompt a rate hike at the Reserve Bank of Australia.
The Pound to Australian Dollar exchange rate's recovery meets a key technical hurdle that could frustrate further advances in the coming week.