The Pound Australian Dollar (GBP/AUD) exchange rate trades -0.5% lower at 1.8173, as it pares gains from the previous week.
A few shock announcements from the UK Government regarding Brexit has sent the Pound on a downward spiral. Boris Johnson has set the 15th October as a deadline for a trade deal to be agreed with the EU. The government is also considering legislation which will override the Brexit divorce agreement, dampening the chances of a trade deal being reached.
Australian job advertisements rose for a third straight month in August, increasing by 1.6%, this is down from 19.1% increase in July.
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