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Thomson Reuters
Jun 27 - 01:24 PM
AUD: Could Find Support On Repricing Of RBA Policy; GBP: Fundamentally Cheap - Citi
First appeared on eFXplus on Jun 27 - 12:10 PM

Citi discusses AUD and GBP outlook and thinks that some support could be on the cards for the 2 currencies.

"Domestic data has recently been surprising to the upside. We expect economic growth to pick up close to trend. The RBA may start to hike rates around mid 2019. Markets may not have fully priced in possible RBA rate hikes. If expectations resume, AUD may find support," Citi argues.

"Fundamentally GBP remains cheap with it’s real effective exchange rate close to all time lows. Despite the fact that it’s difficult to envisage any UK-EU agreement at this juncture, it’s clear to see that GBP will reprice higher should one occur," Citi adds. 

Source:
Citi Research/Market Commentary

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