GBPAUD Bullish Sentiment Play

GBP
== KEY TAKEAWAYS FROM LAST BOE ==

1. CPI inflation is expected to rise quite sharply towards the 2% target in the Spring.
2. Other indicators suggest that Labour market slack has remained higher than implied by the LFS rate.
3. CPI inflation is projected to be close to 2% over the second and third years of the forecast period.
4. A further increase in unemployment is projected over the next few quarters.
5. The average weekly earnings growth has been notably stronger than expected in the November report.
6. See UK GDP +5% in 2021 (Nov. projection: +7.25%).
7. BoE sees UK GDP +7.25% in 2022 (Nov. projection: +6.25%).
8. See Related Links Below to Recap Market Reaction.

AUD
== KEY TAKEAWAYS FROM LAST RBA ==
The Reserve Bank of Australia (RBA) held its cash rate at 0.1% as expected but wrong footed may by expanding its current bond buying program by another A$100 billion ($76.35 billion).
The present program is set to end in April and analysts had thought the RBA would wait another month or so before deciding whether to extend it.
Essentially, it boils down to…more stimulus weakens a currency.

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Trade Safe - Trade Well

Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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