FXstreet.com (Sydney) - The pound gained ground on the Aussie to be trading at 1.8090. The pair had earlier opened at 1.8063 and posted an intraday high of 1.8120. The pair is up 0.1% for the day.

The pound has gained strength against most currencies while the Aussie has weakened. While there was some profit taking on the Aussie earlier in the week, the currency continued to fall after wages data was released for the September quarter.

While wages grew by 0.7% this was at a slower rate, meaning that there may not be another interest rate rise until 2010.