Gbp/Aud
Considerable doubt over this plan and an early election remains at time of writing but the key positive for markets is the sharp reduction in the risk of a no-deal or “hard” Brexit.”
“This is a more benign outlook than we had been expecting, so we have revised our sterling forecasts sharply higher, with a new baseline view of GBP/USD tracking the low 1.30s well into 2020. As such, we see AUD extending losses against*the pound*in coming weeks and months.”


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