Following a slow day, the pound is currently trading strongly against the aussie following dovish comments from the RBA

There was little movement between this pair yesterday with the pound managing to make hesitant gains as investors remained cautious ahead of RBA monetary policy minutes.

• Rallying equities and the rising price of gold were unable to push the aussie higher in trading yesterday as market participants held steady before important policy information.
  
• Indeed, the price of gold hit another record high yesterday as the US dollar resumed its downward trend, which helped global equities to fresh highs for 2009.
  
• In trading this morning, the aussie has slipped backed after the central bank said it was keeping an open mind on the pace of further interest rate rises, forcing investors to cut bets of a December hike.
  
• Though the RBA were less hawkish than many had expected, calling future rate rises as "open question," the market is still pricing in 155 basis points of rate rises next year, hoisting the target rate to 5%.
  
• Currently the aussie has dropped back 1.0%, enabling the price to climb back over 1.81.