{"id":100950,"date":"2020-06-08T13:04:12","date_gmt":"2020-06-08T17:04:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100950"},"modified":"2020-06-08T15:02:25","modified_gmt":"2020-06-08T19:02:25","slug":"103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\/","title":{"rendered":"GBP\/AUD: Aussie gains as Chinese investment in Australia lowest in 10yrs"},"content":{"rendered":"<p>The British pound is lower against the Australian dollar on Monday.<\/p>\n<ul>\n<li><strong>Chinese investment in Australia drops -58% in 2019<\/strong><\/li>\n<li><strong>COVID Merger: AstraZeneca in possible tie-up with Gilead<\/strong><\/li>\n<li><strong>FX markets rest after US jobs data volatility<\/strong><\/li>\n<li><strong>Sterling-Aussie (GBP\/AUD) exchange rate -1.86% last week<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\">GBP\/AUD<\/a> was down by 48 pips (-0.26%) to 1.8140 as of 4pm GMT.<\/p>\n<p>Gains in the currency pair were capped twice at 1.824, turned lower to test 1.81 and later rebounded but was still lower on the day.<\/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<h2>GBP: Pound drops as \u2018risk trade\u2019 eases<\/h2>\n<p>Volatility overall in foreign exchange markets was subdued on Monday with traders pausing for breath after last week\u2019s blowout US jobs report, while possibly sitting on their hands before Wednesday\u2019s Fed meeting. In the broader markets the \u2018risk trade\u2019 that had propelled the pound higher last week was in modest reverse.<\/p>\n<p>The pound was pressured as Bank of England Chief Economist Andy Haldane described UK economic activity has having \u2018collapsed\u2019, referencing a &#8220;possibly unprecedented level of inactivity in the labour market&#8221; with 8 million British workers on furlough schemes.<\/p>\n<p>Chart-watchers are paying attention to the GBP\/USD exchange rate, which is sitting right at its 200-day moving average.<\/p>\n<p>Elsewhere, talk of a merger of British\/Swedish pharmaceutical firm AstraZeneca and US biotech company Gilead Sciences captured investor\u2019s imagination as a one-stop-shop for COVID-19 vaccines and treatments.<\/p>\n<h2>AUD: China investment in Australia tanks<\/h2>\n<p>The pound is still perceived as riskier than the Aussie and had made a late recovery last week so was easing back a little by Monday. Nonetheless some dark clouds were on the horizon for Australia\u2019s economy with respect to its relations with China.<\/p>\n<p>Chinese investment in Australia was cut in half across 2019, taking it to a decade low. Relations between Australia and China have soured since the former led the calls for an investigation into the origins of the coronavirus, a politically-sensitive topic for China where the virus originated.<\/p>\n<p>The investment-drop pre-dates the souring rations and is matched in other western nations following a tightening up of investment screening measures in China in order to restrict Chinese fund flows offshore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is lower against the Australian dollar on Monday. Chinese investment in Australia drops -58% in 2019 COVID Merger: AstraZeneca in possible tie-up with Gilead FX markets rest after US jobs data volatility Sterling-Aussie (GBP\/AUD) exchange rate -1.86% last week GBP\/AUD was down by 48 pips (-0.26%) to 1.8140 as of 4pm GMT. [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":3793,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[2841,1578,2840,1860,2842,1391],"class_list":{"0":"post-100950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-astrazeneca","10":"tag-aussie-dollar","11":"tag-china-investment","12":"tag-gbp-aud","13":"tag-gilead","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 gains as Chinese investment in Australia lowest in 10yrs - 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\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jasper Lawler\" \/>\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\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/AUD: Aussie gains as Chinese investment in Australia lowest in 10yrs\",\"datePublished\":\"2020-06-08T17:04:12+00:00\",\"dateModified\":\"2020-06-08T19:02:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/\"},\"wordCount\":392,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100140-gbp-aud-tories-get-deal-dup.jpg\",\"keywords\":[\"astrazeneca\",\"Aussie dollar\",\"china investment\",\"gbp\\\/aud\",\"gilead\",\"pound\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103370-gbp-aud-aussie-gains-as-chinese-investment-in-australia-lowest-in-10yrs\\\/\",\"name\":\"GBP\\\/AUD: Aussie gains as Chinese investment in Australia lowest in 10yrs - 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