Pound to Australian Dollar Price Forecast: Can Risk-off Trade Keep the Aussie Under Pressure?

GBP/AUD edged higher as a risk-off market backdrop pressured the Australian dollar while UK GDP data met expectations and left sterling broadly steady. The pair traded around AU$1.9123, with broader sentiment and Middle East tensions supporting the pound versus the risk-sensitive Aussie. UK Q2 GDP rose 0.4%, down from 0.6% in Q1, but the release was largely in line with forecasts, limiting sterling’s reaction. Looking ahead, the article says the next key driver is a speech by RBA Governor Michele Bullock; a hawkish tone could cap further GBP/AUD upside by supporting the AUD. Near term, the pair appears sensitive to shifts in global risk appetite, with ongoing geopolitical uncertainty favoring GBP/AUD strength if confidence remains fragile.