The Pound Australian Dollar (GBP/AUD) exchange rate has rebounded off an 18-month low and is climbing 0.5% higher at the time of writing. The pair trades 1.7670.
MP’s in the House of Commons will vote on the Internal markets bill, a bill which violates the Brexit treaty with the EU and break s international law. Should the bill go through, Brexit talks could collapse by the end of the month.
The risk sensitive Australian Dollar is little moved despite rising risk appetite in the broader market as AstraZeneca restarts its covid vaccine trial.
Investors are looking ahead to the release of the RBA minutes on Tuesday.