{"id":104704,"date":"2020-09-16T10:08:43","date_gmt":"2020-09-16T09:08:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104704"},"modified":"2020-09-16T10:38:25","modified_gmt":"2020-09-16T09:38:25","slug":"104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\/","title":{"rendered":"GBP\/AUD: Pound Declines As Inflation Hits 4 Year Low"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is under pressure after consumer prices increase just +0.2% YoY<\/strong><\/li>\n<li><strong>BoE are under increasing pressure to act<\/strong><\/li>\n<li><strong>Australian Dollar (AUD) is supported by vaccine optimism<\/strong><\/li>\n<li><strong>Unemployment is expected to rise +7.8%<\/strong><\/li>\n<\/ul>\n<p>The Pound Australian (GBP\/AUD) Dollar exchange rate is trading lower on Wednesday, snapping two days of wins. The pair settled in the previous session +0.2% at 1.7645. At 08:30 UTC, GBP\/AUD trades -0.2% at 1.7613.<\/p>\n<p>UK inflation fell sharply in August to +0.2% compared to the same period the previous year, although this was slightly better than forecast. This marked a sharp decline from the 1% increase recorded in July and was the lowest rate of inflation in four years.<\/p>\n<p>The steep fall in inflation was partly due to the Chancellor\u2019s Eat Out to Help Out scheme, with discounted meal prices weighing on inflation. Prices in restaurants and hotels fell -2.8% in August year on year. Air fares also registered a contraction in price, the first since records began. The data adds pressure to the Bank of England to ease policy further over the coming months.<\/p>\n<p>The Bank of England will announce their monetary policy decision tomorrow. No changes are expected this month. However, there is growing expectation that the central bank will make a move in November amid depressed activity, the end of the governments job retention scheme and anaemic inflation.<\/p>\n<p>The Australian Dollar is finding support from a mildly upbeat mood in the market. Vaccine optimism continues to underpin risk sentiment. China\u2019s Centre for Disease Control and Prevention (CDC) announced that a vaccine could be given to Chinese citizens as soon as November. The news is driving demand for the Aussie Dollar, also known as a China proxy.<\/p>\n<p>China currently has four the world\u2019s 8 vaccine candidates which are in the final stage of testing. Clinical trials in China are reportedly proceeding smoothly.<\/p>\n<p>Looking ahead Australian labour market data will be in focus. Analysts are expecting the unemployment rate t o continue to tick higher to 7.8%, up from 7.5%. The Reserve Bank of Australia sees unemployment reaching 10% in the coming months.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">GBP Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-104707\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/520b5a3fb269413c4901b1397142c42a.png\" alt=\"\" width=\"800\" height=\"348\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/520b5a3fb269413c4901b1397142c42a.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/520b5a3fb269413c4901b1397142c42a-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/520b5a3fb269413c4901b1397142c42a-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/520b5a3fb269413c4901b1397142c42a-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is under pressure after consumer prices increase just +0.2% YoY BoE are under increasing pressure to act Australian Dollar (AUD) is supported by vaccine optimism Unemployment is expected to rise +7.8% The Pound Australian (GBP\/AUD) Dollar exchange rate is trading lower on Wednesday, snapping two days of wins. The pair settled in the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1541,1394,1387,1391,1508],"class_list":{"0":"post-104704","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-inflation","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: Pound Declines As Inflation Hits 4 Year Low - 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\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\/\" \/>\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\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/AUD: Pound Declines As Inflation Hits 4 Year Low\",\"datePublished\":\"2020-09-16T09:08:43+00:00\",\"dateModified\":\"2020-09-16T09:38:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/\"},\"wordCount\":409,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100144-gbp-aud-financial-stability.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"gbp\",\"Inflation\",\"pound\",\"unemployment\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104315-gbp-aud-pound-declines-as-inflation-hits-4-year-low\\\/\",\"name\":\"GBP\\\/AUD: Pound Declines As Inflation Hits 4 Year Low - 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