GBP/AUD just broke a major short-term technical support! It's been a busy couple of trading sessions for GBP/AUD, which has priced in the U.K.'s not-so-weak labor data, the implications of Uncle Sam's slower inflation, and China's data dump. More recently, the pair is reacting to the U.K. printing a much slower inflation rate than market players had expected. ICYMI, consumer prices dropped from 6.7% y/y to 4.6% y/y in October, the lowest since October 2021. Traders pricing in their Bank of England (BOE) "peak rate" or even interest rate cut expectations sold the British pound against its major counterparts.