The UK election campaign started as PM Johnson is trying to secure a majority in Parliament in order to get this Brexit deal approved. The British Pound will be exposed to plenty of headlines until Britons head to the first December election in almost one century. Forex traders will also get the October Manufacturing PMI today to close out an eventful week, what impact will it have on the GBPAUD? Today’s fundamental analysis will take a look at price action in both directions.

The Australian manufacturing sector slowed down sharply as two reports released this morning showed PMI reading at 51.6 and 50.0, barely escaping contraction. The Australian Dollar came under selling pressure, but a better-than-expected Chinese Manufacturing PMI kept losses in check. Inflation slowed down in the third-quarter on an annualized basis and the RBA Commodity Index contracted. How will the GBPAUD react to economic data released later in today’s session? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.