GBP Australian Dollar Weekly Forecast: UK Political Instability Affects Pound
This week, the GBP to AUD exchange rate will likely be influenced by the Reserve Bank of Australia’s upcoming interest rate decision. Scheduled for Tuesday, the RBA is expected to announce a cut in rates by 25 basis points, from 3.85% to 3.60%. Concurrently, UK political tensions are undermining the Pound, suggesting that the GBP/AUD rate may fluctuate significantly in response to these events. Traders should remain cautious and prepared to act on the latest developments affecting both central banks as volatility ramps up in the foreign exchange market.