{"id":104916,"date":"2020-09-18T10:06:10","date_gmt":"2020-09-18T09:06:10","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104916"},"modified":"2020-09-18T13:33:18","modified_gmt":"2020-09-18T12:33:18","slug":"104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\/","title":{"rendered":"GBP\/AUD: Aussie Dollar Slips In Risk Off Trading"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) advances after retail sales +0.8% vs 0.7% forecast<\/strong><\/li>\n<li><strong>Gains could be capped after BoE moved closer towards negative rates<\/strong><\/li>\n<li><strong>Australian Dollar (AUD) amid risk off trading<\/strong><\/li>\n<li><strong>Could remain sentiment driven amid quiet economic calendar<\/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 trading flat on the final trading day of the week. The pair settled -0.05% on Thursday at 1.7734. At 08:15 UTC, GBP\/AUD is trading +0.1% at 1.7750. The pair is on track to gain over 1% across the week after tanking over 3.7% lower across the previous week.<\/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\" 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>According to the Office of National Statistics, UK retail sales are on the rise for the 4<sup>th<\/sup> straight month, growing +0.8% MoM in August. This was down from July\u2019s 3.6% jump but still ahead of the 0.7% expected. Higher spending on DIY and household goods overshadow lacklustre spending on clothing. The data shows that the retail industry is progressing along a road of fragile recovery.<\/p>\n<p>The data comes after the Bank of England took another step towards negative interest rates. In its monetary policy announcement yesterday, the BoE kept interest rates on hold at 0.1%, as expected. The central bank also warned over the outlook for growth as the UK economy faces serious challenges such as rising unemployment and Brexit. The BoE hinted that interest rates could fall below zero next year.<\/p>\n<p>The Australian Dollar is softer on Friday as the broader risk tone in the market is also slightly negative. Concerns are growing, particularly in Europe over the recent spike in covid cases. The World Health Organisation warned that the situation in Europe was concerning.<\/p>\n<p>The Dollar had managed to eke out small gains in the previous session after data revealed that unemployment unexpectedly fell in August to 6.8%, down from 7.5%. The figures indicate that the Australian labour market is holding up better than forecast.<\/p>\n<p>There is no high impacting Australian data due until next Wednesday, when investors will look to retail sales figures for further clues over the health of the recovery.<\/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 180 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-104936\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/407b9c3fee8e107ace29876e3d969795.png\" alt=\"\" width=\"800\" height=\"348\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/407b9c3fee8e107ace29876e3d969795.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/407b9c3fee8e107ace29876e3d969795-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/407b9c3fee8e107ace29876e3d969795-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/407b9c3fee8e107ace29876e3d969795-696x303.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) advances after retail sales +0.8% vs 0.7% forecast Gains could be capped after BoE moved closer towards negative rates Australian Dollar (AUD) amid risk off trading Could remain sentiment driven amid quiet economic calendar The Pound Australian Dollar (GBP\/AUD) exchange rate is trading flat on the final trading day of the week. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":102083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,1541,1394,1391,1430,1508],"class_list":{"0":"post-104916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-australian-dollar","11":"tag-gbp","12":"tag-pound","13":"tag-retail-sales","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 Slips In Risk Off Trading - 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\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\/\" \/>\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\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/AUD: Aussie Dollar Slips In Risk Off Trading\",\"datePublished\":\"2020-09-18T09:06:10+00:00\",\"dateModified\":\"2020-09-18T12:33:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/\"},\"wordCount\":420,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/australia-paypal-fees-calculator.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"gbp\",\"pound\",\"retail sales\",\"unemployment\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104355-gbp-aud-aussie-dollar-slips-in-risk-off-trading\\\/\",\"name\":\"GBP\\\/AUD: Aussie Dollar Slips In Risk Off Trading - 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