Home AUD GBP/AUD: Aussie Extends Gains As Data Hints At Slightly Improved Q2 GDP

GBP/AUD: Aussie Extends Gains As Data Hints At Slightly Improved Q2 GDP

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27th August 2020

The Pound Australian Dollar (GBP/AUD) exchange rate heads lower for a second day on Thursday and trades at 1.8230.

The Pound is struggling as the resignation of EU trade commissioner Phil Hogan could delay Brexit trade talks further.

UK service sector job losses are also unnerving investors. A CBI survey reported some parts of the sector are experiencing record breaking number of job cuts.

The Australian Dollar is rising after data revealed that Australian business investment plunged by less than expected in Q2. This bodes well for Q2 GDP, which could see a less severe downturn in the April – June period.

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Currencylive.com is a site operated by Wise 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 Wise 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 currencylive.com do not represent our views.