GBP/AUD rates have dipped during Wednesday morning’s trading, as the markets ready themselves for the US FED interest rate decision and monetary policy statements this evening. It is widely anticipated that the FED will put an end to their Quantitative Easing (QE) programme, a decision which is likely to have huge knock on effects for the global market.
It is likely the markets are currently factoring this decision in to any rate movements, so if this decision is not made as predicted expect further volatility for GBP over the coming days. The reason the AUD is strengthening is that any decision by the FED to end their QE programme will be seen as a positive for the US economy. This in turn is likely to give investors more risk appetite and they will start buying some of the more riskier currencies, including the AUD.
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