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GBPAUD comes under increased pressure in recent months

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Australian Dollar Highlights GBPAUD comes under increased pressure in recent months BoE downgrades their growth and inflation forecast for the next 2 years GBPAUD remains within a corrective downtrend Sterling - Australian Dollar (GBPAUD) FX Technical Analysis The Reserve Bank of Australia left rates on hold at their last meeting, when many (especially the Aussie media) were calling for a rate cut. Glenn Stevens, the RBA Governor said a wait and see approach was appropriate for the time being.

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