OctaFX | OctaFX Forex Broker
Open trading account

GBPAUD: Party over for the pound? - Westpac

The Australian dollar’s weakness against USD over the past 3 months is second only to the kiwi, while the British pound has been best in the G10 in that time, boosted by the Bank of England’s first interest rate increase in 10 years, notes Sean Callow, Research Analyst at Westpac.

Key Quotes

“Into year-end, however, we see prospects for AUD to recapture some lost ground. If UK PM May’s government struggles with fiscal policy and Brexit into year end, then GBP/USD could slip to 1.28. The Aussie in contrast seems to be about fairly valued given yield spreads and commodity prices.”

“No major change in these fundamentals should leave AUD/USD around 0.76 by year-end. This would push AUD/GBP back to around 0.5950, GBP/AUD to 1.6800/50.”

Risks to Eurozone growth forecast to upside – Reuters Poll

The latest Reuters poll of 60 economists showed that the Eurozone economy is set to grow on a firmer footing than predicted in the Oct poll. Key Find
Read more Previous

ECB: Draghi in focus today – Danske Bank

Analysts at Danske Bank suggest that today, we have a very light data calendar with no global market movers being released and focus will be on the EC
Read more Next
Start livechat