workingtraders

$GBPAUD Possible bottom forming

FX:GBPAUD   British Pound/Australian Dollar
83 0 6
GBP data is still coming out very weak.
Gross Domestic Product (YoY) came out 2.6% vs expected 3.2%.
Markit Manufacturing PMI out at 52.50 vs 53.70
AUD is now driven with sentiment that RBA will cut rates.
Employment numbers came out well and sparked a rally for AUD.
The market sentiment is that BOE is still going hike rate before RBA.
The key thing is to watch price action.
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