Neither the UK nor Australia are in Trump's firing line, but the 'tariff trade' augments GBP/AUD upside.
The Australian Dollar was softer after inflation undershot expectations and brought closer a Reserve Bank of Australia (RBA) interest rate cut.
The Pound to Australian Dollar exchange rate (GBPAUD) is recovering after finding support at 1.96, as we predicted.
The Australian Dollar is primed to benefit as the U.S. Dollar bull run runs out of steam.
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