GBP/AUD is advancing in early trading on Monday. The pair is now trading at 1.9220, up 0.28% as of 6:09 AM UTC. The quotation has just bounced back to the peak of last week.

The Aussie is under pressure amid the country’s struggle with bushfires and fears of the rapidly spreading coronavirus. The government confirmed earlier today a fifth case of the new coronavirus. Health officials revealed that a woman who is 21 years-old was on the last flight out of Wuhan, China, to Sydney before China banned travelling out of the city. Wuhan is the city where the virus has started.

The new strain of the virus has already killed 80 people in China. Also, it has infected over 2,700 people worldwide.

The first four cases were confirmed last Saturday. One of the patients resides in Melbourne and three in Sydney. Health officials said that they expected more cases considering the volume of traveling between the two countries. China is by far the greatest source of tourists in Australia.

Australian officials said earlier today that they were collaborating with Chinese counterparts on how to evacuate about 100 Australian people, most of them children, out of Wuhan.

Health Minister Greg Hunt told media:

“We are working on a number of fronts, firstly to make sure … that there is support for those Australians and we are also working on, as are other countries, to try to secure their ability to return to Australia.”

The Aussie is also dragged down by the negative consequences of bushfires. The country experienced a relief in recent days amid heavy rains. However, meteorologists warned that the cooler weather is about to end and the fires might begin spreading again.

The New South Wales Bureau of Meteorology tweeted:

“Unfortunately, the reprieve may be short-lived with a blast of heat likely late this week in some areas.”

Elsewhere, the sterling maintains strong amid increasing optimism among both businesses and consumers. Last week, a series of positive data, including PMIs and labor market data, prompted investors to cut bets for an interest rate cut from the Bank of England this Thursday. 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.