GBP/AUD to spend some time above 1.78tightening, to a cash rate above 2.5% by end-2022. The surge in AU yields has boosted its pickup versus GBP to multi-year highs. This yield support should weigh on GBP/AUD to around 1.72 in Q3 and beyond.”
“Near-term, the poor global risk mood including concern over Chinese growth suggests the pair spends some time above 1.78.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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