United Kingdom NIESR GDP Estimate (3M) remains at 0.5% in September

That the Reserve Bank of Australia left the cash rate unchanged at 2% was no surprise, although the AUD had a small "sympathy" bounce in our opinion, mostly driven by short covering, according to the UBS analyst team. They restate our bearish view on the AUDUSD of 0.68 on a three, six and 12-month tenure.