Weaker Outlook for GBP/AUD Amid Economic Divergence
The GBP/AUD pair faces a bearish outlook as multiple factors align against GBP. Weak UK growth prospects, the nearing peak of the Bank of England's rate cycle, and cooling inflation are reducing support for GBP. Meanwhile, the Australian economy is expected to gain strength, supported by trade ties with China and stable inflation trends, signaling that AUD may outperform. As a result, the GBP/AUD exchange rate is likely to weaken further in the coming weeks.
This outlook highlights the growing disparity between the economic conditions of the UK and Australia
This outlook highlights the growing disparity between the economic conditions of the UK and Australia
Trade closed: target reached
Price Reached Expected level @ 1.93581+ ✔️✔️✔️
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