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Flash: GBP/AUD to target fresh 3 year highs at 1.78-1.79 - Westpac

FXstreet.com (Barcelona) – According to Sean Callow, FX Strategist at Westpac, “New BoE governor Carney has surprised
us somewhat by installing only very qualified forward guidance and no imminent threat of more QE.”

Callow is now expecting the GBP/AUD to target fresh 3 year highs in coming weeks around 1.78-1.79. However, “the RBA’s expected easing pause in Sep/Oct should help slow the pace of gains near term” Callow said.
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