{"id":101211,"date":"2020-06-16T14:02:41","date_gmt":"2020-06-16T18:02:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101211"},"modified":"2020-06-16T14:02:41","modified_gmt":"2020-06-16T18:02:41","slug":"103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/","title":{"rendered":"GBP\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise"},"content":{"rendered":"<p>The British pound is higher against the Australian dollar on Tuesday.<\/p>\n<ul>\n<li><strong>Australia doubles down on coronavirus origin investigation<\/strong><\/li>\n<li><strong>North Korea blows up inter-Korean liaison office<\/strong><\/li>\n<li><strong>Beijing enters \u2018phase 2\u2019 lockdown<\/strong><\/li>\n<li><strong>Pound-Aussie exchange rate is just -0.08% this week<\/strong><\/li>\n<\/ul>\n<p>GBP\/AUD was up by 56 pips (+0.32%) to 1.8268 as of 4pm GMT.<\/p>\n<p>The currency pair had a low of the day at 1.815 and a high of the day near 1.835 but eventually settled 50 pips above yesterday\u2019s close. Yesterday the exchange rate fell -0.30%.<\/p>\n<h2>GBP: Powell testifies to Senate Banking Committee<\/h2>\n<p>The pound rose alongside broader markets after the Federal Reserve announced it would start buying individual corporate bonds. Although there were some fluctuations, the overall trend was positive.<\/p>\n<p>The focus among FX traders looking for the next cue on risk sentiment was the testimony from Fed Chair Powell to the Senate Banking Committee as part of his semi-annual Humphrey Hawkins session with lawmakers. When the economy is in trouble, politicians will often use the central bank as a punch bag to distract from their own inadequate policies.<\/p>\n<p>Powell slightly upset the apple cart in today\u2019s testimony though when he said \u201cif market function continues to improve, we will taper corporate bond program.\u201d Adding, \u201cI don&#8217;t see us wanting to run through the corporate bond market like an elephant.\u201d<\/p>\n<h2>AUD: Relationship with China under strain<\/h2>\n<p>Resurgence in virus cases in China\u2019s capital city Beijing, coupled with souring relations between China and Australia were a curse for the Aussie dollar on Tuesday. Australian foreign minister Marise Payne claimed there is a strong mandate for probe into origins of the coronavirus during parliament on Tuesday.<\/p>\n<p>New Coronavirus clusters in Beijing have resulted in a toughening of lockdown measures.\u00a0Officials have advised people not to leave the city unless necessary and people leaving the capital should have nucleic testing results. So far China will not ask companies or factories to stop work but will encourage work from home. All schools are closing.<\/p>\n<p>Added to Asian geopolitical risk was news that North Korea has blown up the inter-Korean liaison office in Kaesong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is higher against the Australian dollar on Tuesday. Australia doubles down on coronavirus origin investigation North Korea blows up inter-Korean liaison office Beijing enters \u2018phase 2\u2019 lockdown Pound-Aussie exchange rate is just -0.08% this week GBP\/AUD was up by 56 pips (+0.32%) to 1.8268 as of 4pm GMT. The currency pair had [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[2873,2174,1860,2844],"class_list":{"0":"post-101211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-china-lockdown","10":"tag-coronoavirus","11":"tag-gbp-aud","12":"tag-north-korea"},"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 pressured as Beijing coronavirus cases rise - 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\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/\" \/>\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\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise\",\"datePublished\":\"2020-06-16T18:02:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/\"},\"wordCount\":355,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"keywords\":[\"china lockdown\",\"coronoavirus\",\"gbp\\\/aud\",\"North Korea\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/\",\"name\":\"GBP\\\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"datePublished\":\"2020-06-16T18:02:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"width\":800,\"height\":405,\"caption\":\"gbp-aud-bank-notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\",\"name\":\"Jasper Lawler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"caption\":\"Jasper Lawler\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/jasper\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/","twitter_misc":{"Written by":"Jasper Lawler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/"},"author":{"name":"Jasper Lawler","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"headline":"GBP\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise","datePublished":"2020-06-16T18:02:41+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/"},"wordCount":355,"image":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","keywords":["china lockdown","coronoavirus","gbp\/aud","North Korea"],"articleSection":["AUD","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/","url":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/","name":"GBP\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","datePublished":"2020-06-16T18:02:41+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","width":800,"height":405,"caption":"gbp-aud-bank-notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103428-gbp-aud-aussie-dollar-pressured-as-beijing-coronavirus-cases-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/AUD: Aussie dollar pressured as Beijing coronavirus cases rise"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200","name":"Jasper Lawler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","caption":"Jasper Lawler"},"url":"https:\/\/currencylive.com\/news\/author\/jasper\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100056-aud-gbp-down-china-credit.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946608"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101211"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101211\/revisions"}],"predecessor-version":[{"id":101212,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101211\/revisions\/101212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3625"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}