THE British pounds sterling's on weekly chart broke out of descending trendline opening a buy position for British pounds. the December meeting by BOE monitory committee team ,the kept interest rate at 4.75% ,its Interest Rate Differentials will give The Bank of England (BoE) a statistical advantage over Reserve Bank of Australia (RBA) monitory polices. This interest rate differential makes GBP-denominated assets more attractive to investors, leading to increased demand for the pound sterling.
Economic Performance: The UK economy has shown signs of strength, which has bolstered confidence in the pounds. In contrast, the Australian economy has faced challenges, including slower growth and concerns about its reliance on China, which has been experiencing economic difficulties .
the future of commodities will affect Australian dollar as the economy rely heavily on commodities.
Economic Performance: The UK economy has shown signs of strength, which has bolstered confidence in the pounds. In contrast, the Australian economy has faced challenges, including slower growth and concerns about its reliance on China, which has been experiencing economic difficulties .
the future of commodities will affect Australian dollar as the economy rely heavily on commodities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.