The British Pound is getting hammered, along with nearly every currency against the US Dollar. Stronger lockdowns are causing people to grow cautious around the GBP as uncertainty increases.

The US dollar has been rallying hard to start the week, but overall, the AUD has been strong against the US dollar. Even though C-19 is causing states to stricter lockdowns, nothing is as severe as the UK.

As a result, this trade is to short the GBPAUD as stricter rules overwhelm the British and businesses over there.

But there is a bucketload of uncertainty around politicians and their ability to turn their C-19 policies on a dime. So trade this pair with the uncertainty it deserves.

Short GBP vs AUD

Dec 21 2020

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