Sell GBP / AUD - Credit Suisse
Traders should consider selling the GBP / AUD this week, according to Credit Suisse in his weekly message to customers.
"Rationale: We expect that a strict budget the UK wakes up pressure on the GBP, especially if it will go with a reduction to the British GDP growth forecast.
If peaceful tone to the BoE meeting will be on Thursday, we expect that the MPC will continue to indirectly provide the green light to a further weakening of GBP.
AUD, is likely to be more sustainable in the G10 this week in comparison with similar types of the product range CAD, which is in danger of being more sensitive to the Fed slightly militant tone.
Risks: ... if the Bank of England surprised with his statements ...
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