GBP/AUD in Wait-And-See Mode on Election Day

GBP/AUD is advancing in early trading on Thursday — the day when British citizens vote the parliament to decide the fate of Brexit.

Currently, one British pound buys 1.9198 Australian dollars, up 0.10% as of 5:40 AM UTC. The pair is in wait-and-see mode right now, showing little volatility. Despite the recent modest gain, the price is still following a bearish path that started Tuesday, when a YouGov poll showed that UK Prime Minister Boris Johnson’s Conservative Party might not win a comfortable majority as previously thought.

Recently, another poll carried out by Savanta ComRes for The Telegraph suggested that Johnson’s lead over the opposition Labour Party had narrowed to 5% compared to the previous survey. Thus, the Tories were on 41% in the poll, while Labours were up 3% to 36%, which is the smallest lead reported by the pollster since mid-October and the best figure for the Labour Party since January.

Savanta said in a statement:

These results indicate that this election is simply too close to call, with almost one in five who say they could possibly still change their mind and we could just as plausibly see a healthy Conservative majority as a hung parliament.”

Yesterday, the YouGov and two other opinion polls showed larger leads for Johnson’s party, though he was losing ground. Asked about the YouGov poll results, the PM said:

This could not be more critical, it could not be tighter. I’m just saying to everybody the risk is very real that we could tomorrow be going into another hung parliament, that’s more drift, more dither, more delay, more paralysis for this country.”

The stakes of today’s election are really high. Britons are choosing between a rapid Brexit process under PM Boris Johnson or another referendum that might eventually reverse the decision to leave the bloc.

The vote is open at 07:00 AM GMT and closes at 10:00 PM GMT. An exit poll will provide the first hints of the result in the latest hour of the poll. The official results will start to come in from 11:00 PM GMT to 05:00 AM GMT. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.