Tonight at 9:30PM ET Australia is set to report CPI data, and as you can see below inflation has consistently ticked lower the last few quarters:

The GBP/AUD has been in a tight consolidation recently, and as you can see (blue lines) we have have had some very consistent rallies while in this solid up channel (yellow):

Blake Morrow

Chief Currency Strategist, Wizetrade

Disclaimer: I do not have a position in the GBP/AUD currently, but may establish a trade after tonight’s data release