{"id":104030,"date":"2020-09-02T11:22:06","date_gmt":"2020-09-02T10:22:06","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104030"},"modified":"2020-09-02T11:23:57","modified_gmt":"2020-09-02T10:23:57","slug":"104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\/","title":{"rendered":"GBP\/AUD: AUS$ Drops As Australian Economy Shrinks By More Than Expected"},"content":{"rendered":"

The Pound Australian Dollar (GBP\/AUD) exchange rate is trading higher for a third straight session. GBP\/AUD trades +0.1% at 1.8171.<\/p>\n

The Aussie Dollar is slumping across the board as the Australian GDP shrank by -7%<\/a> QoQ in the April \u2013 June quarter. This was the deepest contraction since records began in 1959 and its first recession in 30 years.<\/p>\n

The Pound is pushing higher as UK house prices continue to rise. House prices jumped +2% in August, adding to gains of 1.8% in July.<\/p>\n

Attention will now turn to Andrew Bailey who speaks before the Treasury select committee.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Pound Australian Dollar (GBP\/AUD) exchange rate is trading higher for a third straight session. GBP\/AUD trades +0.1% at 1.8171. The Aussie Dollar is slumping across the board as the Australian GDP shrank by -7% QoQ in the April \u2013 June quarter. This was the deepest contraction since records began in 1959 and its first […]<\/p>\n","protected":false},"author":163946597,"featured_media":47026,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1541,1394,1391],"class_list":{"0":"post-104030","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-pound"},"acf":[],"yoast_head":"\nGBP\/AUD: AUS$ Drops As Australian Economy Shrinks By More Than Expected - 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\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/AUD: AUS$ Drops As Australian Economy Shrinks By More Than Expected\",\"datePublished\":\"2020-09-02T10:22:06+00:00\",\"dateModified\":\"2020-09-02T10:23:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/\"},\"wordCount\":105,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/GBP-aud-broke-ascending-support-line.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"gbp\",\"pound\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104112-gbp-aud-aus-drops-as-australian-economy-shrinks-by-more-than-expected\\\/\",\"name\":\"GBP\\\/AUD: AUS$ Drops As Australian Economy Shrinks By More Than Expected - 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