{"id":103262,"date":"2020-08-13T10:09:55","date_gmt":"2020-08-13T09:09:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103262"},"modified":"2020-08-13T11:10:59","modified_gmt":"2020-08-13T10:10:59","slug":"103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/","title":{"rendered":"GBP\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5%"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) recoups losses after GDP data showed -20.4% contraction in Q2 QoQ<\/strong><\/li>\n<li><strong>Positive feedback on US \u2013 UK trade talks supports the Pound<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/aud-australian-dollar-live-exchange-rate\/\">Australian Dollar<\/a> (AUD) declines as 1 million Australians are jobless and unemployment rate rises to 7.4%<\/strong><\/li>\n<li><strong>Number of jobs created jumped by 114.7K vs 40k forecast<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\">Pound Australian Dollar<\/a> (GBP\/AUD) exchange rate is charging higher, paring losses from the previous session. The pair settled on Wednesday -0.4% at 1.8191, significantly down from the high of 1.8332. At 08:30 UTC, GBP\/AUD trades +0.4% at 1.8268.<\/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>The Pound has recouped its losses from the previous session. GDP data on Wednesday showed that the UK economy contracted by -20.4% quarter on quarter in the three months April \u2013 June. This was the deepest contraction since records began and followed a -2.2% decline in the first quarter of the year, pushing the UK firmly into recession.<\/p>\n<p>Positive feedback from trade secretary Liz Truss over trade talks with the US is helping to boost the Pound, on a quiet day data wise.<\/p>\n<p>Aussie Dollar is trading on the back foot following unemployment data. Australian employment surged in July, firmly beating analysts\u2019 forecasts. However, this was still insufficient to offset the rising number of people searching for work, as the jobless rate hit a 22 year high.<\/p>\n<p>According to the Australian Bureau of Statistics the number of people employed in Australia jumped by 114,700, adding to 210,800 new jobs in June as the economy reopened. This was well above the 40,000 increase forecast.<\/p>\n<p>However, the unemployment rate increased to 7.5% in July, up from 7.4% as 1 million people were out of work, in a first for the nation. \u00a0Unemployment is expected to reach 10% in the coming months.<\/p>\n<p>Fears are growing that the resurgence of coronavirus cases in the state of Victoria and the reimposed lockdown restrictions in Melbourne will mean that this pick up in employment in July will be unwound in the coming months and unemployment will rise. The August labour market data will provide the first indication of the impact of the renewed lock down restrictions on the labour market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) recoups losses after GDP data showed -20.4% contraction in Q2 QoQ Positive feedback on US \u2013 UK trade talks supports the Pound Australian Dollar (AUD) declines as 1 million Australians are jobless and unemployment rate rises to 7.4% Number of jobs created jumped by 114.7K vs 40k forecast The Pound Australian Dollar (GBP\/AUD) [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5314,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1541,1394,1409,1391,1508],"class_list":{"0":"post-103262","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-australian-dollar","11":"tag-gbp","12":"tag-gdp","13":"tag-pound","14":"tag-unemployment"},"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 Sinks As Unemployment Rate Rises To 7.5% - 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\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/\" \/>\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\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5%\",\"datePublished\":\"2020-08-13T09:09:55+00:00\",\"dateModified\":\"2020-08-13T10:10:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/\"},\"wordCount\":378,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100875-gbp-usd-pound-extending-gains.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"gbp\",\"gdp\",\"pound\",\"unemployment\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/\",\"name\":\"GBP\\\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5% - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100875-gbp-usd-pound-extending-gains.jpg\",\"datePublished\":\"2020-08-13T09:09:55+00:00\",\"dateModified\":\"2020-08-13T10:10:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100875-gbp-usd-pound-extending-gains.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100875-gbp-usd-pound-extending-gains.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5%\"}]},{\"@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\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5% - 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\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5%","datePublished":"2020-08-13T09:09:55+00:00","dateModified":"2020-08-13T10:10:59+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/"},"wordCount":378,"image":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100875-gbp-usd-pound-extending-gains.jpg","keywords":["aud","australian dollar","gbp","gdp","pound","unemployment"],"articleSection":["AUD","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/","url":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/","name":"GBP\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5% - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100875-gbp-usd-pound-extending-gains.jpg","datePublished":"2020-08-13T09:09:55+00:00","dateModified":"2020-08-13T10:10:59+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100875-gbp-usd-pound-extending-gains.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100875-gbp-usd-pound-extending-gains.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103878-gbp-aud-aussie-dollar-sinks-as-unemployment-rate-rises-to-7-5\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/AUD: Aussie Dollar Sinks As Unemployment Rate Rises To 7.5%"}]},{"@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\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100875-gbp-usd-pound-extending-gains.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103262","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\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=103262"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103262\/revisions"}],"predecessor-version":[{"id":103276,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103262\/revisions\/103276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5314"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=103262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=103262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=103262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}