GBP/AUD PRICE, NEWS AND ANALYSIS:
Rising inflation has become an important driverof foreign exchange rates recently but data from Australia Wednesday showed a surprisingly large fall year/year.
By contrast, the scope for UK Chancellor of the Exchequer Rishi Sunak to boost the economy in today’s UK Budget will likely be held back by increases in inflation that have raised the cost of servicing the national debt.
That’s broadly positive for GBP/AUD as it approaches an important
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