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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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​​Sterling and Aussie make gains versus the dollar​

GBP/USD and AUD/USD are both rising, shrugging off the news of more tariffs.

GBP Source: Adobe images
Forex Shares United States dollar AUD/USD GBP/USD Pound sterling

Written by

Chris Beauchamp

Chris Beauchamp

Chief Market Analyst

Article publication date:

​​​GBP/USD

​While the GBP/USD pair dropped yesterday it has been able to recover in early trading, raising hopes that the sideways consolidation seen throughout March will resolve into a move higher. In the event of a close above $1.30, the price will have recorded a new higher high. Short-term weakness may head back towards $1.2680.

GBP/USD chart Source: IG
GBP/USD chart Source: IG

​AUD/USD

​AUD/USD shrugged off Wednesday’s weakness and has moved back above $0.63. This reinforces the view that a low is in place and a new attempt to push back to $0.64 is beginning. Sellers would need a close back below $0.6250 to clear recent lows and suggest that a new drop towards the March low is underway.

AUD/USD chart Source: IG
AUD/USD chart Source: IG

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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