Australian Dollar sold off against the Pound

The Australian and New Zealand Dollar got sold off against the Pound on Friday night/Monday Morning after growing fears of a global slowdown and over inflated commodity prices. Key economic releases are closer to the end of the week when we get Australian employment data and New Zealand retail sales both on Thursday and US retail sales (Thrs)and CPI. GBPAUD was trading 2.1744 and GBPNZD was trading 2.5400