The Pound-to-Australian Dollar rate looks markedly bearish in the short-term whilst the main data releases in the week ahead are Australian trade data and new UK sector-specific activity data for December.
The Australian Dollar was dealt a blow Wednesday after September inflation data missed expectations, weakening the case for bringing forward expectations of a Reserve Bank rate hike.
The Australian Dollar to US Dollar is steadily channeling lower, according to analyst Yann Quelenn of Swiss broker Swissquote, however, his longer-term pessimistic view is not widely shared.
The Australian Dollar changed little after the Reserve Bank of Australia (RBA) rate meeting but it did mark a highpoint for the currency from which it spent the rest of the day falling.