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GBP/AUD Rallies to Multi-Year Highs on BoE Boost, Virus Fears

Scandinavian Capital Markets

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GBP/AUD rallied to its highest levels since June of 2016 in early trading on Friday. Sterling was lifted on Thursday, after the Bank of England (BoE) announced its decision to keep the official bank rate on hold at 0.75%. Meanwhile, the risk-sensitive Aussie has been under pressure amid rising fears over the Wuhan coronavirus.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/gbp-aud-rallies-to-multi-year-highs-on-boe-boost-virus-fears/
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