GBP/AUD has revisited 1.9750 in advance of the RBA’s latest FSR.
For the record, ECB minutes were about as uninspiring as the FOMC version on Wednesday evening, though did highlight a degree of contention over pushing the PEPP harder during Q2 and some GC leanings along the lines of Knot who has touted potential QE tapering from the next quarter under baseline economic scenario conditions.
Back to the Pound, no or very minor acknowledgment of a stronger than anticipated UK construction PMI.
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