GBPAUD returns to the levels of the beginning of the year

31 October 2022 284
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The GBPAUD pair has finally overcome the resistance of 1.78 and for the first time since the end of March has consolidated above this mark. For further growth, it will be necessary to take another important level of 1.815. If successful, the way will be opened to 1.84 and further to the levels of the beginning of this year above 1.9.

Tomorrow's meeting of the Reserve Bank of Australia may prevent the growth of the GBPAUD. However, last time, the Australian regulator has already noticeably softened the rhetoric. And even if now the RBA is again set to tighten monetary policy, the Bank of England can quickly return the GBPAUD to the path of growth after its meeting on November 3.

This content is for informational purposes only and is not intended to be investing advice.

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