Aussie weakens despite Asian stock gains

The aussie slipped against the pound on Friday, despite rises in Asian stocks spurring demand for higher-yielding assets.

• On a good day for the pound against a basket of currencies, the aussie slipped against the pound on Friday as improved sentiment about the UK economy swept the market.
  
• Earlier in the week, poor UK retail sales and unemployment data had hit sterling, however gains on London equity markets helped the pound gain ground on Friday.
  
• There are no major announcements due in the UK or Australia today so traders are likely to take their lead from broader market movements.