GBP/AUD Exchange Rate Slumps to Two-Month Low Amid Hawkish RBA Expectations

The Pound-Australian Dollar exchange rate fell to a two-month low on Thursday due to hawkish Reserve Bank of Australia (RBA) expectations, which underpin the Australian Dollar.

The GBP/AUD rate is trading at AU$1.8907, down 0.2% on the day and near its lowest level since mid-July.

RBA interest rate hike bets continued to support the Aussie as inflation data exceeded forecasts earlier in the week.

However, the Pound struggled due to an ongoing lack of British economic data and growing concerns about the UK's cost-of-living crisis.