The British pound is little changed against the Australian dollar on Thursday.

  • Aussie hampered by trade tensions (US considering new EU tariffs)
  • US jobless claims miss, durable goods data beat expectations
  • UK CBI retailing -37 vs. -38
  • Pound-Aussie exchange rate is -0.03% this week

GBP/AUD was down by 3 pips (-0.2%) to 1.8072 as of 4pm GMT.

The currency pair was directionless, trading in a choppy range between 1.805 and 1.81. Yesterday it rose just 0.09%.

GBP: UK CBI Retailing improves slowly in June

For the time being, Sterling and the Aussie are both being treated as equally ‘risky’ versus the US dollar, which is the preferred haven. The UK has been hard hit by the pandemic and is just reopening now, meaning the effects of easing lockdown conditions cannot yet be felt. Australia on the other hand is dealing with a resurgence of cases after having reopened almost fully over a month ago.

The only UK economic data of note was UK June CBI retailing which reported sales of -37 versus -38 expected and -50 in May. The data shows an improvement but remains downtrodden. It’s worth noting though that the surveys were collected before the announcement from UK Prime Minister Boris Johnson about the new easing to begin July 4.

AUD: Aussie rebounds as durable goods order improve

Some better economic data from the United States limited earlier concern over the damage to global growth prospects from a new EU – US trade war and rising coronavirus cases in the United States.

Texas reported another steep rise in hospitalisations on Thursday. Texas Governor signed an executive order today to suspend elective surgeries in counties with large increases in coronavirus cases.

There was an influx of US economic data to judge the state of the economic recovery. May US durable goods orders were +15.9% versus +10.5% expected. US initial jobless claims ending June 20 was 1.58 million versus 1.32 million expected. A third reading of US GDP was unchanged at -5.0%. 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.