As we look ahead, Wednesday’s trading may be swayed by Australia’s upcoming monthly CPI figures, set to release late Tuesday. Economists predict a slight cooling in inflation from 2.4% to 2.3% in April, possibly weighing on the Australian Dollar, especially given last week’s dovish remarks from the Reserve Bank of Australia. This forecast suggests a potent dynamic between GBP and AUD. Traders should watch these indicators closely to inform their strategies, positioning themselves to capitalize on shifts in this currency pair’s performance.