Here are the key factors to keep in mind today for British Pound trades:

• UK CPI: The UK CPI for November is predicted to increase by 0.2% monthly and by 3.0% annualized. Forex traders can compare this to the UK CPI for October which increased by 0.1% monthly and by 3.0% annualized. The Core CPI for November is predicted to increase by 2.7% annualized. Forex traders can compare this to Core CPI for October which increased by 2.7% annualized.
• UK PPI: The UK PPI Input for November is predicted to increase by 1.5% monthly and by 6.7% annualized. Forex traders can compare this to the UK PPI Input for October which increased by 1.0% monthly and by 4.6% annualized. The UK PPI Output for November is predicted to increase by 0.3% monthly and by 3.0% annualized. Forex traders can compare this to the UK PPI Output for October which increased by 0.2% monthly and by 2.8% annualized. The UK PPI Core Output for November is predicted to increase by 0.2% monthly and by 2.2% annualized. Forex traders can compare this to the UK PPI Core Output for October which increased by 0.1% monthly and by 2.1% annualized.
• UK RPI: The UK RPI for November is predicted to increase by 0.3% monthly and by 4.0% annualized. Forex traders can compare this to the UK RPI for October which increased by 0.1% monthly and by 4.0% annualized. The UK RPI Excluding Mortgage Interest Payments for November is predicted to increase by 4.1% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for October which increased by 4.2% annualized.
• UK House Price Index: The UK House Price Index for October is predicted to increase by 5.2% annualized. Forex traders can compare this to the UK House Price Index for September which increased by 5.4% annualized.

Here are the key factors to keep in mind today for Australian Dollar trades:

• Chinese Money Supply M0, M1 and M2: Chinese Money Supply M0 for November increased by 6.7% annualized. Economists predicted an increase of 6.5% annualized. Forex traders can compare this to Chinese Money Supply M0 for October which increased by 6.3% annualized. Chinese Money Supply M1 for November increased by 12.7% annualized. Economists predicted an increase of 12.9% annualized. Forex traders can compare this to Chinese Money Supply M1 for October which increased by 13.0% annualized. Chinese Money Supply M2 for November increased by 9.1% annualized. Economists predicted an increase of 8.9% annualized. Forex traders can compare this to Chinese Money Supply M2 for October which increased by 8.8% annualized.
• Chinese New Yuan Loans and Chinese Aggregate Financing: Chinese New Yuan Loans for November were reported at CNY1,200.0B. Economists predicted a figure of CNY800.0B. Forex traders can compare this to Chinese New Yuan Loans for October which were reported at CNY663.2B. Chinese Aggregate Financing for November was reported at CNY1,600.0B. Economists predicted a figure of CNY1,250.0B. Forex traders can compare this to Chinese Aggregate Financing for October which was reported at CNY1,038.7B.
• Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of December 10th was reported at 115.1. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of December 3rd which was reported at 115.8.
• Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for November were reported at 12 and Australian NAB Business Confidence at 6. Forex traders can compare this to NAB Business Conditions for October which were reported at 21 and to Australian NAB Business Confidence which was reported at 9.
• Australian House Price Index: The Australian House Price Index for the third-quarter decreased by 0.2% quarterly and increased by 8.3% annualized. Economists predicted an increase of 0.5% quarterly and of 8.8% annualized. Forex traders can compare this to the Australian House Price Index for the second-quarter which increased by 1.9% quarterly and by 10.2% annualized.
• Australian Credit Card Purchases and Australian Credit Card Balances: Australian Credit Card Purchases for October were reported at A$27.5B and Australian Credit Card Balances at A$51.2B. Forex traders can compare this to Australian Credit Card Purchases for September which were reported at A$25.5B and to Australian Credit Card Balances which were reported at A$51.4B.

Should price action for the GBPAUD remain inside the or breakdown below the 1.7100 to 1.7180 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.7140
• Take Profit Zone: 1.6590 – 1.6645
• Stop Loss Level: 1.7380

Should price action for the GBPAUD breakout above 1.7180 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.7240
• Take Profit Zone: 1.7380 – 1.7460
• Stop Loss Level: 1.7140

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.