{"id":82443,"date":"2019-11-21T04:28:28","date_gmt":"2019-11-21T09:28:28","guid":{"rendered":"https:\/\/currencylive.com\/?p=82443"},"modified":"2019-11-21T04:03:49","modified_gmt":"2019-11-21T09:03:49","slug":"101556-gbp-aud-pair-edges-up-on-us-china-pessimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\/","title":{"rendered":"GBP\/AUD: Pair Edges Up on US-China Pessimism"},"content":{"rendered":"\n\n\n
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GBP\/AUD continues its bullish stance on Thursday, but it still hasn\u2019t recovered from the Tuesday loss. The pair tumbled by about 0.40%. At that point, the price break the support level of an uptrend that took off on November 7. <\/span><\/p>\n

However, the price bounced back and is trying to maintain above 1.9000.<\/span><\/p>\n

Currently, one British pound buys 1.9011 Australian dollars, up 0.12% as of 5:42 AM UTC. The Aussie has been under pressure on increased concerns that \u201cphase one\u201d trade deal between the US and China might not be signed by the end of this year.<\/span><\/p>\n

Yesterday, the US House of Representatives passed a bill that seeks to protect the rights of pro-democracy Hong Kong protesters. The House also passed a second bill to block the export of certain munitions to Hong Kong police. Both pieces of legislation were voted with a 417-1 margin, which might put President Donald Trump in a difficult situation, as he has been negotiating a trade deal with China for months.<\/span><\/p>\n

The Senate backed both bills, so Trump should have the last word on them. So far, the White House didn\u2019t comment on the President\u2019s position on this legislation.<\/span><\/p>\n

At this point, the chances are that the world\u2019s two largest economies might not ink an interim deal this year.<\/p>\n

Christian Whiton, a former Trump administration adviser who currently serves as a senior fellow for strategy and trade at the Center for the National Interest, <\/span>commented <\/span><\/a>on the situation:<\/span><\/p>\n

\u201cThe violent crackdown against protesters in Hong Kong, which Beijing is directing, decreases the odds of a deal. Is Xi really going to be invited for a grip-and-grin with the president as his cops are beating students in Hong Kong?\u201d<\/span><\/i><\/p>\n\n\n\n
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GBP\/AUD continues its bullish stance on Thursday, but it still hasn\u2019t recovered from the Tuesday loss. The pair tumbled by about 0.40%. At that point, the price break the support level of an uptrend that took off on November 7. However, the price bounced back and is trying to maintain above 1.9000. Currently, one British […]<\/p>\n","protected":false},"author":163946598,"featured_media":3657,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1541,1657,1870,1394],"class_list":{"0":"post-82443","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-british-pound","12":"tag-exchange-rates","13":"tag-gbp"},"acf":[],"yoast_head":"\nGBP\/AUD: Pair Edges Up on US-China Pessimism - 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\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\/\" \/>\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\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Pair Edges Up on US-China Pessimism\",\"datePublished\":\"2019-11-21T09:28:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/\"},\"wordCount\":536,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100072-aud-gbp-china-economic-data.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"british pound\",\"exchange rates\",\"gbp\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101556-gbp-aud-pair-edges-up-on-us-china-pessimism\\\/\",\"name\":\"GBP\\\/AUD: Pair Edges Up on US-China Pessimism - 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