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GBP/AUD: reversal amid dovish BoE and hawkish RBA
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See also: InstaForex trading indicators for GBP/AUD Despite a correction on Tuesday, the GBP/AUD cross remains under seller pressure, developing a downward impulse after the release of mixed UK labor data. At the time of writing quotes consolidate near 1.8870, retreating from recent highs around 1.8941. Market participants digest opposing signals: The Bank of England's dovish turn weighs on the pound, while the RBA's hawkish rhetoric and Australia's resilient economy support the aussie. Fundamental background: dovish BoE versus hawkish RBA The pound took
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