Listen to the market mood for the GBPAUD currency pair in the coming session:
The GBP has been pressured over the weekend as a number of Bank of England speakers have made a dovish tilt towards favouring rate cuts going forward. This has pressured the GBP.
The AUD has been bid today on a firm risk tone on general optimism for the signing of the US-China phase 1 trade deal.
If we get weak data out of the UK today at 09:30 expect GBPAUD sellers at pullbacks
Risks to this outlook
This outlook is dependent on getting weak data out at 09:30GMT