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December 10, 2024

GBP/AUD Drops as Positive China Stimulus News Lifts Aussie Dollar

The Australian Dollar (AUD) gained strength at the start of this week after China pledged to enhance economic growth in 2025. Beijing committed to a mix of loose monetary policy and proactive fiscal measures for the coming year. This news propelled the AUD higher, impacting the GBP/AUD exchange rate. Traders should anticipate ongoing fluctuations as these developments unfold. How will you adjust your strategies?

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