FxWirePro:GBP/AUD recovery hinges on positive economic data from the UK

• GBP/AUD initially gained but gave up ground as currency markets reacted to the unexpected postponement of certain tariffs announced the day before by U.S. President Donald Trump.

• Market movements on Thursday remained influenced by the previous day's announcement from U.S. President Donald Trump, who revealed plans to temporarily reduce the heavy tariffs he had recently imposed on multiple countries.

•  The tariff reprieve had less impact on Britain than on Europe, as direct tariffs on British imports remain at 10%, although it may still benefit slightly from the reduced global growth impact.

• Looking ahead, Investors are awaiting UK GDP data, due Friday, for insights into the economy's performance amid inflation, trade tensions, and political challenges.  

• Immediate resistance is located at 2.1138(38.2%fib), any close above will push the pair towards 2.1576(23.6%fib).

• Immediate support is seen at 2.0789 (50%fib) and break below could take the pair towards 2.0566(Match 31st low).

Recommendation: Good to buy around 2.0800, with stop loss of 2.0720 and target price of 2.0900