Australian officials were reported to have started free-trade discussions with the United Kingdom. A potential deal would benefit both economies as Australia imports British vehicles, and would look to export food and beverage products that were previously imported from the European Union. A deal would stand to reduce costs for British citizens as the EU’s import tax would no longer be a factor. The British Pound failed to gain, however, as the pair continues to trade heavy following Friday’s flash crash.
Aussie is currently being traded around 0.76 handle. Pair is likely to find support around 0.7550 area and resistance above 0.7630 level.
