GBP/AUD longs anticipated over this week...
Pound looking relatively strong in advance of CBI UK distributive trades and a speech from BoE’s .
The Aussie is only just maintaining its GBP peer respectively, albeit off best levels in wake of somewhat mixed data for the former via preliminary trade, weekly payrolls and wages, before attention switches to the RBA on Wednesday with option pricing implying a 45 pip break-even for the policy meeting event.
Overall target moving forward for GBP/AUD is now 1.8500. Let's see if we can pop up by Friday. Hope everyone has a great week ahead!
The Aussie is only just maintaining its GBP peer respectively, albeit off best levels in wake of somewhat mixed data for the former via preliminary trade, weekly payrolls and wages, before attention switches to the RBA on Wednesday with option pricing implying a 45 pip break-even for the policy meeting event.
Overall target moving forward for GBP/AUD is now 1.8500. Let's see if we can pop up by Friday. Hope everyone has a great week ahead!
