GBP/USD and AUD/USD make gains
The dollar has weakened against sterling and its Australian counterpart, as traders in the former ready for the UK Spring Statement tomorrow.
GBP/USD
Sterling remains quiet ahead of the chancellor’s Spring Statement to Parliament tomorrow, which itself is preceded by the latest UK inflation reading.
While the GBP/USD pair has dropped back from the $1.30 highs seen last week, selling has paused around $1.29. A move back above $1.2950 may help to spark fresh buying to push the price to a new higher high.
AUD/USD
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