- AUD/GBP Forecast: The Australian Dollar (AUD) is expected to trade in a range, likely between 0.6580 and 0.6640, or within a broader range of 0.6545 and 0.6660, according to UOB Group Quek Ser Leang and Lee Sue Ann. Bulls may push towards 0.66601.
- Technical Analysis: After a sharp pullback, AUD is unlikely to weaken much further, and it is expected to trade in a range, which indicates a neutral stance in the short term1.
- Market Sentiment: The broader market sentiment and potential interest rate cut expectations may influence the currency pair. The Federal Reserve's potential rate cut and the Bank of England's dovish stance could impact the AUD/GBP dynamics23.
In conclusion, the AUD/GBP pair is expected to trade neutrally in the next 18 hours, with limited movement expected within the forecasted range.