GBP/AUD Forecast: Sterling Could Rise on a Cross-Party Brexit Consensus
Tomorrow will see Australian and UK banks closed for the Good Friday bank holiday.
UK’s Brexit developments are likely to be few and far between, with many MPs temporarily inactive over the holiday period.
However cross-party between Labour and the Conservatives are set to go on, but hopes are slipping as the two parties appear to be drifting further apart.
‘Aussie’ traders will be looking ahead to Wednesday next week, which will see the publication of the Australian Consumer Price Index figures for the first quarter.
The GBP/AUD exchange rate will remain sensitive to Brexit developments into the Easter holidays, and any sudden developments that are favourable to a consensus between the two parties could prove Pound-positive.
Tomorrow will see Australian and UK banks closed for the Good Friday bank holiday.
UK’s Brexit developments are likely to be few and far between, with many MPs temporarily inactive over the holiday period.
However cross-party between Labour and the Conservatives are set to go on, but hopes are slipping as the two parties appear to be drifting further apart.
‘Aussie’ traders will be looking ahead to Wednesday next week, which will see the publication of the Australian Consumer Price Index figures for the first quarter.
The GBP/AUD exchange rate will remain sensitive to Brexit developments into the Easter holidays, and any sudden developments that are favourable to a consensus between the two parties could prove Pound-positive.
