{"id":100881,"date":"2020-06-05T05:00:30","date_gmt":"2020-06-05T09:00:30","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100881"},"modified":"2020-06-05T05:39:38","modified_gmt":"2020-06-05T09:39:38","slug":"103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\/","title":{"rendered":"GBP\/AUD: Aussie Dollar Surges For 6th Session, Hitting Fresh 8 Month High"},"content":{"rendered":"<ul>\n<li><strong>Low hopes for progress in Brexit trade talks weighs on <a href=\"https:\/\/currencylive.com\/news\/currency\/gbp\/\">Pound (GBP)<\/a><\/strong><\/li>\n<li><strong>Risk sensitive <a href=\"https:\/\/currencylive.com\/news\/currency\/aud\/\">Australian Dollar (AUD)<\/a> rises post ECB support<\/strong><\/li>\n<li><strong>US \u2013 Chinese tensions take a back seat<\/strong><\/li>\n<li><strong>At 09:15 UTC, <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\">GBP\/AUD<\/a> trades -0.2% at 1.8093<\/strong><\/li>\n<\/ul>\n<p>Bullish momentum continues to lift the Australian Dollar on Friday. The Pound Australian Dollar exchange rate is trending lower for the sixth straight session, putting the pair on track for a -2.2% fall across the week. This will mark the fifth consecutive week of declines for the exchange rate.<\/p>\n<p>At 09:00 UTC, GBP\/AUD is trading -0.2% as is slips through 1.81 and trades at the lower end of its daily traded range of 1.8050 \u2013 1.8173. The pair struck a fresh 8 month low as the risk on narrative continues in the market and ahead of Brexit trade talks update.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to AUD exchange rate<\/span><\/a><\/div>\n<p>Brexit talks, that have taken place across the week, conclude today. Little progress is expected to have been made at the last round of talks ahead of a key summit later this month. The two sides, the EU and the UK, are reportedly far apart on key sticking points including the future alignment of business regulations and access to UK fishing waters.<\/p>\n<p>The lack of progress is expected to be confirmed by chief EU chief negotiator later today, when he gives an update. This will increase pressure on leaders to move the stalemate forward when they meet later this month.<\/p>\n<p>The risk sensitive Australian Dollar continues to advance as the mood in the market remains firmly risk on.<\/p>\n<p>The market continues to focus on the reopening of global economies along with government and central bank stimulus.<\/p>\n<p>A move by the European Central Bank to expand its emergency bond buying programme has added to the upbeat mood. The ECB increased the Pandemic Emergency Purchase Programme by \u20ac600 billion, ahead of the markets expected \u20ac250 &#8211; \u20ac500 billion increase. The ECB\u2019s willingness to offer extensive support has lifted risk appetite ahead of US jobs data later today.<\/p>\n<p>With no fresh headlines, US \u2013 Chines tensions appear to have eased slightly at the end of the week, which is also offering support to the China proxy, the Aussie Dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low hopes for progress in Brexit trade talks weighs on Pound (GBP) Risk sensitive Australian Dollar (AUD) rises post ECB support US \u2013 Chinese tensions take a back seat At 09:15 UTC, GBP\/AUD trades -0.2% at 1.8093 Bullish momentum continues to lift the Australian Dollar on Friday. The Pound Australian Dollar exchange rate is trending [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3665,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1578,1386,1413,1394,1391],"class_list":{"0":"post-100881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-aud","10":"tag-aussie-dollar","11":"tag-brexit","12":"tag-ecb","13":"tag-gbp","14":"tag-pound"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/AUD: Aussie Dollar Surges For 6th Session, Hitting Fresh 8 Month High - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/AUD: Aussie Dollar Surges For 6th Session, Hitting Fresh 8 Month High\",\"datePublished\":\"2020-06-05T09:00:30+00:00\",\"dateModified\":\"2020-06-05T09:39:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/\"},\"wordCount\":395,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100076-gbp-aud-hold-steady-china-pmi.jpg\",\"keywords\":[\"aud\",\"Aussie dollar\",\"Brexit\",\"ecb\",\"gbp\",\"pound\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103355-gbp-aud-aussie-dollar-surges-for-6th-session-hitting-fresh-8-month-high\\\/\",\"name\":\"GBP\\\/AUD: Aussie Dollar Surges For 6th Session, Hitting Fresh 8 Month High - 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