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 Pound Sterling Australian Dollar exchange rate fell to a fresh low for the week thus far in early Tuesday trading as rebounding risk sentiment lifted the Aussie and Brexit-related uncertainty kept a lid on GBP upside.

Brexit retains its influence as a key factor with developments therein expected to continue to drive price action for the GBP.

Following Monday's parliamentary session, focus now turns to Wednesday's indicative votes which will give MPs the opportunity to present, and vote on, alternative Brexit plans. Aside from a panel discussion including RBA assistant governor, Christopher Kent, the schedule is clear for the Aussie with the antipodean currency expected to be at the mercy of risk-appetite, which for now at least remains positive.

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