{"id":82039,"date":"2019-11-14T04:14:18","date_gmt":"2019-11-14T09:14:18","guid":{"rendered":"https:\/\/currencylive.com\/?p=82039"},"modified":"2019-11-14T03:34:48","modified_gmt":"2019-11-14T08:34:48","slug":"101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/","title":{"rendered":"GBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia"},"content":{"rendered":"\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

GBP\/AUD is surging in early trade on Thursday after surprisingly weak employment data from Australia and a series of disappointing economic data from China.<\/p>\n

Currently, one British pound buys 1.8872 Australian dollars, up 0.44% as of 5:48 AM UTC. Since last Thursday, the pair has recovered the greatest part of losses caused by a long-lasting bearish trend.<\/p>\n

Australia\u2019s Unemployment Increases<\/h2>\n

The unemployment rate in Australia increased. The economy cut jobs for the first time in nearly one and a half years. The disappointing data adds to the pressure on the central bank to reduce its interest rate.<\/p>\n

The Australian Bureau of Statistics (ABS) said that the unemployment rate rose last month to 5.3% from 5.2%. Economists expected no change. Also, net new jobs dropped 19,000 on the month, which is the largest decline since 2016. Analysts surveyed by Reuters anticipated a gain of 15,000.<\/p>\n

The Reserve Bank of Australia (RBA) said in its previous outlook reports that the jobless rate will keep at 5.2% through next year. Thus, the latest decline will force it to ponder another rate cut. The central bank has already slashed rates three times this year, to a record low of 0.75%. However, the stimulus had an effect on home price inflation only so far.<\/p>\n

Economists see a 24% probability of a 0.25% cut at the RBA\u2019s next meeting in December. They also see a 62% chance for a rate cut in February.<\/p>\n

Callam Pickering, an economist at Indeed and a former RBA executive, commented<\/a>:<\/p>\n

\u201cAustralia\u2019s latest labor force figures make another rate cut a certainty. To kick-start the economy we will need greater stimulus. Much more needs to be done, whether it be through further rate cuts, unconventional monetary policy or, in an ideal world, fiscal stimulus.\u201d<\/em><\/p>\n

The Aussie is also under pressure after disappointing data from China, Australia\u2019s largest economic partner. Recently, official data showed that China\u2019s industrial production growth decelerated more than expected last month.<\/p>\n

The factory output increased by 4.7% in annual terms, below the expected figure of 5.4% growth.<\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

GBP\/AUD is surging in early trade on Thursday after surprisingly weak employment data from Australia and a series of disappointing economic data from China. Currently, one British pound buys 1.8872 Australian dollars, up 0.44% as of 5:48 AM UTC. Since last Thursday, the pair has recovered the greatest part of losses caused by a long-lasting […]<\/p>\n","protected":false},"author":163946598,"featured_media":3089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1836,1541,1657,1394],"class_list":{"0":"post-82039","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-bureau-of-statistics","11":"tag-australian-dollar","12":"tag-british-pound","13":"tag-gbp"},"acf":[],"yoast_head":"\nGBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia - 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\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/\" \/>\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\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia\",\"datePublished\":\"2019-11-14T09:14:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/\"},\"wordCount\":585,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"keywords\":[\"aud\",\"Australian Bureau of Statistics\",\"australian dollar\",\"british pound\",\"gbp\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/\",\"name\":\"GBP\\\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"datePublished\":\"2019-11-14T09:14:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"width\":800,\"height\":405,\"caption\":\"australian-dollar-coin - AUD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia - 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\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia","datePublished":"2019-11-14T09:14:18+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/"},"wordCount":585,"image":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","keywords":["aud","Australian Bureau of Statistics","australian dollar","british pound","gbp"],"articleSection":["AUD","GBP"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/","url":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/","name":"GBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","datePublished":"2019-11-14T09:14:18+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","width":800,"height":405,"caption":"australian-dollar-coin - AUD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101495-gbp-aud-aussie-tumbles-after-disappointing-employment-data-from-australia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/AUD: Aussie Tumbles After Disappointing Employment Data from Australia"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82039","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=82039"}],"version-history":[{"count":4,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82039\/revisions"}],"predecessor-version":[{"id":82045,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/82039\/revisions\/82045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3089"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=82039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=82039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=82039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}