The Pound Australian Dollar (GBP/AUD) exchange rate trended sideways on Wednesday. The pairing came under pressure from expectations of additional rate hikes from the Reserve Bank of Australia (RBA) and a risk-on mood. On the other hand, below-forecast Australian GDP data and a drop in Chinese exports lent support to GBP/AUD. Bank of England (BoE) rate hike bets also underpinned the exchange rate. At time of writing the GBP/AUD exchange rate was at around AU$1.8587, which was virtually unchanged from that morning’s opening figures. Australian Dollar (AUD) Exchange Rates Firm as RBA Governor Lowe Signals Further Rate ... (full story)