Bullish
GBP/AUD rises 1.36% to 1.91820 amid UK growth upgrade and RBA's hawkish stance.
Over the past 24 hours, GBP/AUD has strengthened by 1.36%, reaching 1.91820. This movement is driven by the UK's improved economic growth forecast and the Reserve Bank of Australia's (RBA) hawkish monetary policy stance.
Key points
- UK's economic growth forecast upgraded to 1.3% for 2026, up from 1%.
- RBA minutes reveal concerns over persistent inflation, supporting potential rate hikes.
- No significant developments in GBP/AUD over the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
