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The pound has slipped into a downtrend against the Australian dollar.

The pound to Australian dollar exchange rate (GBP/AUD) is finding some near-term support at the big 2.0 level at the start of the new week but looks vulnerable to finally breaking below this important psychological marker.

A look at the daily chart shows GBP/AUD last week broke below the 200-day exponential moving average (EMA) which is significant as it signals an important trend change.

Our Week Ahead Forecast model uses the 200-day EMA as a marker that signals whether an exchange rate pair is in a downtrend or uptrend: above it and we're trending higher, below and we're trending lower.

The chart shows that dips below the 200-day EMA haven't been entirely uncommon in 2025, but they have been r

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