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Forex Flash: GBP/AUD eyeing 1.4925-1.5050 - Westpac

By FXstreet.com,  January 16, 2013, 12:38:00 AM EDT

FXstreet.com (Barcelona) - With GBP/AUD currently around 2-month lows at 1.5220 last, "GBP/AUD looks to be a
sell on rallies multi-week," says Westpac's strategist Sean Callow, who thinks the cross is "eyeing 1.4925-1.5050, with the RBA not rushing to cut rates again given China's stronger growth momentum and not coincidental recovery in iron ore prices," the analyst concludes.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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