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FxWirePro: GBP/AUD edges lower, downside risk remains 
GBP/AUD has broken trend line support 2.1300 (trend line joining 2.078 and 2.110) this confirms short term weakness, a decline till 2.080/2.050 is possible.
- BOE inflation report says CPI inflation expected to remain below 1% until second half of 2016.
- The dampening effect of sterling rise to persist after H2 of increase in interest rate will happen only in first quarter of 2017.
- The break of major resistance 2.1750 will take the pair till 2.20/2.2220
It is good to sell on rallies around 2.135-40 with SL around 2.175 for the TP of 2.100/2.080.
