GBP/AUD May Unwind Losses as BOE/RBA Implied Rate Paths Come Together: Top Trading Opportunities
The British Pound suffered heavy losses through the first quarter of 2022. GBP/AUD dropped more than 10% from its January peak before hitting multi-year lows in April. The British Pound looked well-positioned to continue gaining against the Australian Dollar. The relatively dovish Reserve Bank of Australia (RBA) put the Aussie Dollar in a vulnerable fundamental …