February 4, 2021 - Written by John Cameron
The highly mixed Australian Dollar is tumbling against the Pound today, and the British Pound to Australian Dollar (GBP/AUD) is recovering some of this week’s losses. Investors took profit from Pound losses following the Bank of England’s (BoE) February policy decision today, but the Australian Dollar is still becoming more appealing in recent sessions as markets calm from the Reserve Bank of Australia (RBA) dovishness seen earlier in the week.
After opening this week at the level of 1.7937, GBP/AUD briefly attempted to advance higher. GBP/AUD even touched on a high of 1.8002, the pair’s best levels in almost two months, before sliding.