The Pound-to-Australian-Dollar exchange rate has remained slightly elevated from the spot open of $1.78 on Sunday, quoted at $1.7883 at the time of writing.
This "tentative" advance in GBP/AUD comes despite speculation that the US and China will reach a deal, something widely tipped to see a rise in risk-sensitive currencies such as the Aussie dollar.
The the AUD, among other commodity currencies, is lower following the weaker Chinese trade data which have also weighed modestly on the CNY.
PREVIOUSLY: The start of last week’s session saw the Pound to Australian dollar exchange rates buoyed on currency markets, however as the week progressed, the British currency fell to a low of AU$1.76.
The Australian Dollar was weighed down by the release of the AiG Performance of Manufacturing Index for December, which showed the manufacturing sector contracted from 51.3 to 49.5.
The week also saw a decrease in global economic risk sentiment as the US and China engaged in trade talks that included a third, unscheduled day of discussions, enabling risk-sensitive currencies such as the ‘Aussie’ to benefit.
Parliament returned from recess to continue Brexit discussions, with the debate over Theresa May’s Withdrawal Act weighing down the Pound.