The Pound Australian Dollar (GBP/AUD) exchange rate is trading -0.2% at 1.7613, paring gains from the previous session.

UK inflation dropped to a 4 year low in August, rising +0.2% YoY. Whilst this was marginally better than forecast it was a steep decline from the 1% increase in the previous month and will add pressure to the BoE to ease monetary policy further.

The risk sensitive and China proxy, the Australian Dollar advanced on news that a vaccine could be readily available in China by November.

Australian labour market data is expected to show an increase to 7.8%, up from 7.5%

GBP Index Today - last 90 days