Further GBP/AUD losses are likely as markets consider the potential for another Australian interest rate hike. But we could see a limited bout of strength in the early parts of this week.
Strategists at an independent financial markets research firm say they are holding onto the view the Australian Dollar has further gains in its tank.
The Australian Dollar rose broadly after the Reserve Bank of Australia's June policy update proved more 'hawkish' than the market expected.
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