All eyes will be on the Bank of England’s interest rate decision due out tomorrow at 12pm. Recently 2 members have voted for an interest rate hike and if any more look to change their stance we could see a bit of movement for GBPAUD exchange rates.
Earlier this week the Reserve Bank of Australia chose to keep interest rates on hold down under which kept rates fairly flat but today we have seen GBPAUD rates go in an upwards direction towards 1.8350 at the time of writing.
Australian unemployment data is due out overnight and the expectation is for 6.2% so anything more negative could see Sterling massively increase against the Australian Dollar so we could see rates peak at 1.85 tomorrow.
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