Australian Dollar Tipped to Prevail Over Pound Sterling as BoE Set to Cut Rates

//Australian Dollar Tipped to Prevail Over Pound Sterling as BoE Set to Cut Rates

The Pound is already plumbing the bottom of the major currency barrel for 2020 but could fall further against the Australian Dollar in the weeks ahead, according to Commonwealth Bank of Australia (CBA). CBA strategists said Tuesday the Pound is liable for losses through to the end of Janaury because the Bank of England (BoE) is likely to cut its interest rate on the 30th and markets are not yet prepared for such an outcome. This is after a raft of the BoE’s Monetary Policy Committee members hit the speaking circuit from Wednesday last week was arguably an apparent effort to prepare the market for a policy response to … (full story)

2020-01-15T13:18:46+00:00