FxWirePro: GBP/AUD eases slightly but bullish outlook persists

• GBP/AUD dipped   on Tuesday as investors closely monitored global trade concerns and heightened Trump-Fed ongoing drama .

• Investors on Tuesday continued to evaluate President Trump's latest remarks targeting Fed Chair Jerome Powell over the lack of interest rate cuts.

•Britain is more likely to see lower than higher inflation as a result of Trump's tariffs, BoE policymaker Megan Greene said on Tuesday.

• The Bank of England's next interest rate decision is set for May 8. As of Tuesday, financial markets had fully priced in a rate cut, amid growing recession fears following Trump's tariff move.

•Markets fully priced in a Bank of England 25 basis points (bps) rate cut next month and 87 bps by year-end.

• Immediate resistance is located at 2. 0788 (38.2%fib), any close above will push the pair towards 2.1657(Daily high).

• Immediate support is seen at 2. 0730  (6.%fib) and break below could take the pair towards 2.0112 (April 2nd low).

Recommendation: Good to buy around 2.0900, with stop loss of 2.0520 and target price of 2.0960