Founder and CEO, Europacifica Consulting

Naomi Fink

Founder and CEO

Europacifica Consulting

FX & Rates

As we had flagged before the <a href="https://www.smartkarma.com/insights/forex-focus-audgbp-potential-for-downard-reversal" target="_blank">RBA decision</a>, top-heavy GBP shorts toppled following the rate cut announcement, even though AUDUSD rebounded, vindicating the choice of this currency pair to focus on the short-term move (see below charts).Now however, there are risks ahead of the upcoming Bank of England meeting. At their last meeting, fresh from Brexit turmoil, the BoE kept calm, carried on and <a href="http://www.bankofengland.co.uk/publications/Pages/news/2016/007.aspx" target="_blank">held rates steady</a>, unwilling to acknowledge to market panic.  It would appear inconsistent to take a…

As we had flagged before the RBA decision, top-heavy GBP shorts toppled following the rate cut announcement, even though AUDUSD rebounded, vindicating the choice of this currency pair to focus on the short-term move (see below charts).Now however, there are risks ahead of the upcoming Bank of England meeting. At their last meeting, fresh from Brexit turmoil, the BoE kept calm, carried on and held rates steady, unwilling to acknowledge to market panic.  It would appear inconsistent to take a…

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/099/original/AUDGBP-Lhs-AUDGBP-Jan-2015-100_chartbuilder.png?1470063993" class="editor-image img-responsive" data-smartkarma-image-id="11099"><figcaption class="figcaption">Source:RBA</figcaption></figure> Although it is widely expected that the Bank of England will cut rates by 25bps on Thursday for the first time in seven years (and possibly restart quantitative easing), there is greater uncertainty about whether the Reserve Bank of Australia will lower rates on Tuesday (2 August) from 1.75% to another record low of 1.5%.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/108/original/RBA-cash-rate-targetPer-cent-RBA-cash-rate-targetPer-cent_chartbuilder%20%281%29.png?1470065046" class="editor-image img-responsive" data-smartkarma-image-id="11108"></figure> The ASX’s RBA rate indicator shows a 68% chance of a rate cut versus 32% probability of no change; the indicator rebounded following the release of…

Source:RBA Although it is widely expected that the Bank of England will cut rates by 25bps on Thursday for the first time in seven years (and possibly restart quantitative easing), there is greater uncertainty about whether the Reserve Bank of Australia will lower rates on Tuesday (2 August) from 1.75% to another record low of 1.5%. The ASX’s RBA rate indicator shows a 68% chance of a rate cut versus 32% probability of no change; the indicator rebounded following the release of…

Forex Focus: AUDGBP – Potential for Downard Reversal

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The British Pound Sterling is the official currency of The United Kingdom. 

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AUDGBP: Now, Beware "Sledgehammer"

As we had flagged before the RBA decision, top-heavy GBP shorts toppled following the rate cut announcement, even though AUDUSD rebounded,...

Naomi Fink

Forex Focus: AUDGBP – Potential for Downard Reversal

Although it is widely expected that the Bank of England will cut rates by 25bps on Thursday for the first time in seven years (and possibly...

Naomi Fink

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