GBP/ AUD rises into the 1.97s. (Dayle Littlejohn)

AUDGBP Braces for an Important Week of Data

Sterling has rallied against the Australian Dollar off the back of the Bank of England interest rate decision. 2 of the 9 voting members, where said to be ‘finely balanced’ between voting to hike or hold. With the Reserve Bank of Australia cutting their interest rate this month and the BoE indicating a hike could occur next year, this could indicate the reason for the movement.

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