GBP/AUD Forecast: Pound Near New High vs Aussie Dollar Amid UK Optimism

  • Looking ahead, Wednesday's movement may initially be driven by Australia's latest monthly CPI indicator, due out overnight on Tuesday. Economists expect to see a slight cooling of inflation in April, from 2.4% to 2.3%, which could weigh on the Australian Dollar, particularly following last week's dovish Reserve Bank of Australia (RBA).