{"id":102636,"date":"2020-07-30T14:59:21","date_gmt":"2020-07-30T18:59:21","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102636"},"modified":"2020-07-30T15:07:00","modified_gmt":"2020-07-30T19:07:00","slug":"103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\/","title":{"rendered":"GBP\/AUD: Aussie dollar gets stung as Donald Trump suggests election delay"},"content":{"rendered":"<p>The British pound is higher against the Australian dollar on Thursday.<\/p>\n<ul>\n<li><strong>Aussie drops as US Q2 GDP hammers global growth hopes<\/strong><\/li>\n<li><strong>Oil prices has biggest daily decline in 3-weeks<\/strong><\/li>\n<li><strong>GBP\/USD topped 1.30<\/strong><\/li>\n<li><strong>Donald Trump tweets that US election should be delayed<\/strong><\/li>\n<\/ul>\n<p>GBP\/AUD was up by 168 pips (+0.92%) to 1.8242 as of 4pm GMT. This week the pound has gained 1.28% over the Australian dollar.<\/p>\n<p>Having found a base at 1.805, the currency pair rallied 250 pips to 1.83 before pulling back. Yesterday the exchange rate had gained +0.08%.<\/p>\n<h2>GBP: Pound on course for good week<\/h2>\n<p>The pound benefited from weakness in the global-growth sensitive Australian dollar, as well as weakness in the US dollar. GBP\/USD topped the 1.30 round number for the first time since the March panic in markets in a sign of renewed confidence in the British currency and concerns about the US dollar.<\/p>\n<p>There were no big economic releases from the UK \u2013 but those in Europe and America were truly shocking. German GDP contracted 10.1% in the quarter and US GDP crashed -32.9% versus the same time last year, which was slightly better than the median forecast of 34.1%. The implied fall in oil demand saw WTI crude oil post its worst daily decline in 3 weeks.<\/p>\n<h2>AUD: Aussie hit by weak growth data<\/h2>\n<p>While in ordinary circumstance a poor US economic data release should hurt the US dollar, the dollar is now viewed as a haven asset and gained some traction over the Australian dollar, which is now considered a risk-on currency that does well alongside stock markets. The Dow Jones dropped 450 points after the economic data was released, though rebounded off the lows later.<\/p>\n<p>Added to the sense of caution in markets, US President Donald Trump created a wave of uncertainty by calling into question the date of the US election. If there\u2019s anything that causes markets to drop \u2013 it\u2019s uncertainty.<\/p>\n<p>Trump tweeted<em>: &#8220;With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE &amp; FRAUDULENT Election in history. It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is higher against the Australian dollar on Thursday. Aussie drops as US Q2 GDP hammers global growth hopes Oil prices has biggest daily decline in 3-weeks GBP\/USD topped 1.30 Donald Trump tweets that US election should be delayed GBP\/AUD was up by 168 pips (+0.92%) to 1.8242 as of 4pm GMT. This [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":4377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1578,1860,1391,3054,1898],"class_list":{"0":"post-102636","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-aussie-dollar","10":"tag-gbp-aud","11":"tag-pound","12":"tag-trump-election-tweet","13":"tag-us-gdp"},"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 gets stung as Donald Trump suggests election delay - 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\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\/\" \/>\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\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/AUD: Aussie dollar gets stung as Donald Trump suggests election delay\",\"datePublished\":\"2020-07-30T18:59:21+00:00\",\"dateModified\":\"2020-07-30T19:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/\"},\"wordCount\":363,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100376-gbp-usd-trump-trade-war.jpg\",\"keywords\":[\"Aussie dollar\",\"gbp\\\/aud\",\"pound\",\"trump election tweet\",\"US gdp\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103734-gbp-aud-aussie-dollar-gets-stung-as-donald-trump-suggests-election-delay\\\/\",\"name\":\"GBP\\\/AUD: Aussie dollar gets stung as Donald Trump suggests election delay - 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