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• GBP/ AUD slipped lower on Monday as traders' attention turned towards Bank of England meeting.
• The Bank of England is expected to hold rates on Thursday, with investors watching for any signals that could alter expectations of two 25bps cuts by year-end.
•The pound has been influenced by events in Europe and the U.S., but upcoming weeks will bring key local factors.
• Meanwhile, the U.S. Federal Reserve's Wednesday meeting will be also be closely watched for signals on future rate cuts.
• Immediate resistance is located at 2.0424(38.2%fib), any close above will push the pair towards 2.0632(23.6%fib ).
• Immediate support is seen at 2.0240( 50%fib) and break below could take the pair towards 2.0057(61.8%fib).
Recommendation: Good to buy around 2.0310, with stop loss of 2.0250 and target price of 2.0410
