The Australian dollar should manage to eke out further advances, with the help of a supportive central bank, but the process will be slow as China remains a constraint.
The Australian Dollar was higher against all its G10 counterparts after a monthly measure of inflation beat expectations.
The Pound and Australia are two of the FX market's outperformers, which has left the GBP/AUD exchange rate tracking a sideways trend.
The Pound to Australian Dollar exchange rate has consolidated its rally into early August and could now be likely to trade within a narrow range just above the 1.93 handle over the coming days.