GBP/AUD struggled last week following the publication of the latest UK inflation report and the Spring Budget announcement. Currently, the pair trades near AU$2.0558, showing little change from Friday’s session.

This week, all eyes turn to the Reserve Bank of Australia (RBA) rate decision as it could significantly impact GBP/AUD. Investors are anxious to see how Australian policymakers respond to ongoing economic pressures. The UK’s recent inflation stats add another layer of complexity as they gauge potential impacts on domestic financial markets.

As traders await announcements from both sides, market reaction could vary significantly. Active monitoring of RBA communications and UK data releases is essential as traders recalibrate their strategies in response to evolving economic landscapes.