The Pound Australian Dollar (GBP/AUD) exchange rate is trading flat after three days of gains. The pair is treading water at 1.7746.
Australian unemployment unexpectedly fell to 6.8% in August, down from 7.5% and well below the 7.8% forecast. The number of jobs added was 11,000 vs 35,000 that analysts expected to be lost.
The Bank of England is expected to leave interest rates unchanged today when it announces its monetary policy decision. However, with the economic situation expected to deteriorate, the central bank could hint at further stimulus to come in November.