On August 2021 market pricing, the BoE could lift 0.10% Bank Rate before RBA raises its 0.10% cash rate, potentially making GBP higher yield than AUD.
That would be a rare turning of the bond market tables.
A narrower or positive yield gap would lift yellow line in the attached graph but would it also lift GBP/AUD??????
I think GBP/AUD is being curbed into...