With the UK election just two days away, forex traders will receive a heavy dose of economic data out of the UK. GDP data, industrial and manufacturing data, and the index of services data are eagerly awaited. The GBPAUD has extended its rally, but how will price action react to this morning’s economic releases? Today’s fundamental analysis will take a look at price action in both directions.

Australian consumer confidence rose for the week ending December 8th as holiday shopping season kicked into full gear. NAB Business Conditions remained unchanged in November, but confidence decreased. House prices rose in Australia, but forex traders showed concern about the rise in the Chinese CPI. The GBPAUD remained near the top of its horizontal resistance area, what impact will today’s UK data have? Subscribe to the PaxForex Daily Fundamental Analysis, and earn over 5,000 pips per month.