The daily GBP/AUD has broken higher as some MPC hawkishness (thanks Member Martin Weale) helped the pound sterling find some bullish momentum earlier this week. Weale’s comments regarding the rates not remaining at 0.5% for too long were exactly what pound sterling bulls needed to fuel a rally to the 1.61 handle in the GBP/USD. Data out of the U.K. has taken a fairly positive turn and this has allowed the pound sterling strength story to re-emerge. It’s the aussie dollar now that’s pushed the bullish momentum through the downtrend line resistance of a daily time frame breakout. The slump in the aussie has not been a ... (full story)