Listen to the market mood for GBPAUD in the coming session:
The GBP is likely to still remain pressured over the weekend as a number of Bank of England speakers have made a dovish tilt towards favouring rate cuts going forward. Bank of England member Saunders is due tomorrow and will likely make his case for a rate cut. This is pressuring the GBP.
The AUD has been bid today on a firm risk tone on general optimism for the signing of the US-China phase 1 trade deal with expectations of some hard purchase figures to be announced as the deal is signed on Wednesday.
Risks to this outlook
This outlook is dependent on the market remaining optimistic on the Phase 1 deal and dovish on the GBP on rate cut expectations.