Sean Callow, Research Analyst at Westpac, points out that the Australian dollar is roughly in the middle of its Q2 ranges against sterling and looking forward, AUD should find support from the RBA’s optimistic outlook and broadly resilient commodity prices. Key Quotes “AUD is also probably already pricing in ongoing US-China trade tensions.” “But AUD gains against the pound should be constrained by the BoE’s swing back towards planning a rate rise, at least so long as UK data holds up ahead of the 2 August MPC meeting.” “This suggests multi-week trade is constrained inside a rough range of AUD/GBP 0.5450 (GBP/AUD 1.83) to 0.57 or 1.75.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany: Industrial production likely to post small increase of 0.6% – TDS FX Street 4 years Sean Callow, Research Analyst at Westpac, points out that the Australian dollar is roughly in the middle of its Q2 ranges against sterling and looking forward, AUD should find support from the RBA's optimistic outlook and broadly resilient commodity prices. Key Quotes "AUD is also probably already pricing in ongoing US-China trade tensions." "But AUD gains against the pound should be constrained by the BoE's swing back towards planning a rate rise, at least so long as UK data holds up ahead of the 2 August MPC meeting." "This suggests multi-week trade is constrained inside a rough range of AUD/GBP… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
