February ended with lots of data releases and broken the expectations of investors have some flexible trading rules to support the Forex trending and thereby assisting economic balance. In February, RBA decided not to put forward the tightening policies until the situations get under control, now RBA have came over with the rate hike of +25 bps that is around 4%.

To accompany there statement, Central Bank affirmed that the rates remained lower for most of the borrowers during last few months but now as the growth is close to come and inflation are closing and seems to fall down in the coming year so it is appropriate to keep the interest rates at least closer to the average amount.

This happen first time that RBA had changed its decision regarding the interest rates consequently in the last three months. The economic improvement showed robust pace while the number of payrolls hiked up by 52.7K in January and simultaneously there is drop in the unemployment rate that have reached to 5.8% dropped back to 5.3% in the last three consecutive months in January.

The retail sales that released earlier jumped to +1.2% in January put side by side with the agreement of +0.8% and -0.9% in the month of December. The little expansion in the consumer spending is a sign of mounting confidence and this indicates that inflationary pressure may hike up. With this release as well AUD made it to stay strong at the Forex market.

Finexo threw light on the position of currency pair of GBP/USD it is traded with spot rate of 1.4902 trending down so the trading strategy is to sell off at the rate of 1.5050 with target price of 1.4800 and closed at 1.5140.