{"id":65325,"date":"2019-11-07T04:31:18","date_gmt":"2019-11-07T09:31:18","guid":{"rendered":"https:\/\/currencylive.com\/?p=65325"},"modified":"2019-11-07T04:31:18","modified_gmt":"2019-11-07T09:31:18","slug":"101433-gbp-aud-approaches-resistance-zone-of-bearish-channel","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\/","title":{"rendered":"GBP\/AUD Approaches Resistance Zone of Bearish Channel"},"content":{"rendered":"

GBP\/AUD maintains an uptrend that started on Tuesday, but the pair is still moving inside a bearish channel.<\/p>\n

Currently, one British pound buys 1.8695 Australian dollars, up 0.13% as of 5:23 AM UTC. The price action is now very close to the channel\u2019s resistance line. If it manages to break within the next hours, we might see a short-term rally.<\/p>\n

Nevertheless, everything depends on the Bank of England\u2019s stance. The central bank will meet later today to decide the interest rate and update its economic outlook.<\/p>\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Johnson Promises to Get Brexit Done in January<\/h2>\n

The British pound has consolidated against the Aussie after UK Prime Minister Boris Johnson officially launched his campaign. This is going to be held on December 12. He insisted for an early poll in the hope to strengthen his party\u2019s position in the parliament and take the Brexit task in his hands.<\/p>\n

Yesterday, Johnson vowed to take the UK out of the bloc in January. Which is in line with the current deadline agreed by European leaders. He said that the upcoming election was the most important one in a generation. The PM added:<\/p>\n

He promised that if re-elected, he would start passing his withdrawal deal through parliament right away. \u201cSo we get Brexit done in January and we put the uncertainty behind us.\u201d<\/p>\n

However, a YouGov poll showed that the support for Johnson\u2019s Conservative party has slightly declined in the last few days. Thus, the support for the PM\u2019s party fell 2% to 36% while the Labour figures remained unchanged at 25%, according to the poll.<\/p>\n

Australia\u2019s Trade Surplus Widens<\/h2>\n

Earlier today, the Australia Bureau of Statistics published its trade balance data for September. Is has posted a surplus of $7.18 billion, up from $6.62 billion in August, which was revised upward. Analysts expected the trade balance to decline to $5.1 billion.<\/p>\n

Both imports and exports figures were up 3.0%, the ABS said.<\/p>\n

It seems that the Sino-US trade conflict doesn\u2019t affect Australia very much. It exported a record $43.2 billion worth of goods and services in September.<\/p>\n

You can read more news about the Australian dollar here<\/a>.<\/p>\n

\n
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 <\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/AUD maintains an uptrend that started on Tuesday, but the pair is still moving inside a bearish channel. Currently, one British pound buys 1.8695 Australian dollars, up 0.13% as of 5:23 AM UTC. The price action is now very close to the channel\u2019s resistance line. If it manages to break within the next hours, we […]<\/p>\n","protected":false},"author":163946598,"featured_media":3745,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1541,1721,1396,1386,1657,1394,1793,1802],"class_list":{"0":"post-65325","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-bearish","12":"tag-boris-johnson","13":"tag-brexit","14":"tag-british-pound","15":"tag-gbp","16":"tag-sino-us-trade","17":"tag-yougov"},"acf":[],"yoast_head":"\nGBP\/AUD Approaches Resistance Zone of Bearish Channel - 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\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD Approaches Resistance Zone of Bearish Channel\",\"datePublished\":\"2019-11-07T09:31:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/\"},\"wordCount\":604,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100116-gbp-aud-brexit-talks-begin.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"bearish\",\"boris johnson\",\"Brexit\",\"british pound\",\"gbp\",\"Sino-US trade\",\"YouGov\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101433-gbp-aud-approaches-resistance-zone-of-bearish-channel\\\/\",\"name\":\"GBP\\\/AUD Approaches Resistance Zone of Bearish Channel - 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