• GBP/AUD steadied above 1.9000 on Thursday as investors digested Bank of England policymaker Megan Greene and Andrew Bailey comments
•Bank of England policymaker Megan Greene said on Thursday that the central bank should not rely on elevated bond yields to curb inflation.
• Greene voted in favour of a 25-basis-point interest rate hike to 4% in June, July and September. Financial markets expect a majority of the Bank of England’s Monetary Policy Committee to support raising rates to 4% at its next meeting in early November.
• Bank of England Governor Andrew Bailey said on Thursday that governments need to strengthen efforts to restore confidence in their public finances as global bond markets face pressure from high borrowing costs and inflation linked to the Iran war.
• Bank of England Governor Andrew Bailey said fiscal policies must remain credible to reassure investors and limit demands for higher borrowing returns.
• Immediate resistance is located at 1.9096(Higher BB), any close above will push the pair towards 1.9134(38.2%fib).
• Immediate support is seen at 1.8959(38.2%fib) and break below could take the pair towards 1.8902(SMA 20).
Recommendation: Good to buy around 1.9000, with stop loss of 1.8950 and target price of 1.9080
