Listen to the market mood for the GBPAUD currency pair in the coming session:
Expecting general AUD weakness on lingering coronavirus concerns, and expectations for the RBA meeting ahead next week are generally bearish. I am also expecting a drag on the Australian economy after the tragic Australian Bush Fires.
The GBP is strong today as the market was expecting three dovish MPC voters yesterday for a rate cut. There were actually only two dovish voters and Governor Carney was more optimistic than expected.
Expect GBPAUD buyers on pullbacks.
Risks to this outlook
Any bearish GBP news or alteration in the risk tone on coronavirus fears.