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.
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.