Brexit continues to be in the driving seat for the British Pound. Following positive comments out of the EU that a deal is possible before October 31st 2019, the British currency rallied. Sentiment shifted towards a more cautious tone after Ireland said that while the mood has improved, both sides remain a distance apart. Today’s CBI data out of the UK is expected to show weakness in order with a minor price recovery. Inflation is running slightly above the the Bank of England’s long-term price target. Will today’s data move the GBPAUD? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair.

Australian PMI data came in mixed during the Asian morning session. The manufacturing sector dipped into contractionary territory while the services sector managed to move back above 50.0 and into expansion. The Composite PMI also exited contractionary readings which points towards a broader recover in September. The Reserve Bank of Australia is looking to lower interest rates by 25 basis points at its next meeting if economic data remains depressed. Is the GBPAUD on the verge of a sell-off? Today’s fundamental analysis will cover price action in both directions.