The Australian Dollar dropped in value after the wind changed direction at the Reserve Bank of Australia (RBA). Chinese stimulus promises are limiting downside.
There has been a definite pick- up in upside momentum in GBP/AUD of late. However, a pullback is likely during the next couple of days, with the focus turning to the RBA decision.
Despite being undervalued, the Australian Dollar should fall "materially further" in 2025. But near-term, the exchange rate could find some support.
Pound to Australian Dollar Rate Surges
- Category: AUD
The Australian Dollar is under pressure amidst political chaos in South Korea and a surprisingly weak domestic GDP print.