{"id":96323,"date":"2020-02-19T11:16:52","date_gmt":"2020-02-19T16:16:52","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=96323"},"modified":"2020-02-19T11:01:36","modified_gmt":"2020-02-19T16:01:36","slug":"102437-gbp-aud-aussie-lifted-by-pboc-report","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102437-gbp-aud-aussie-lifted-by-pboc-report\/","title":{"rendered":"GBP\/AUD: Aussie Lifted by PBOC Report"},"content":{"rendered":"

The British pound<\/a> is lower against the Australian dollar<\/a> on Wednesday as sentiment towards the coronavirus bounced back after a warning from Apple thanks to an assessment by the central bank in China. Meanwhile higher inflation data from the UK failed to usher in any Sterling strength.<\/p>\n

GBP\/AUD<\/a> was down by 35 pips (-0.19%) to 1.9398 with a daily price range of 1.935 to 1.945 as of 3pm GMT. The currency pair was choppy all day with 1.94 as a midpoint. The daily losses bring a weekly total loss of -0.15%.<\/p>\n

Improved global risk sentiment came to the aid of the Australian dollar<\/h2>\n

A small decline in the number of coronavirus cases and a proactive Chinese government and central bank helped lift the mood in markets. The People\u2019s Bank of China released a statement saying the \u201csize and duration of coronavirus impact on economy will limited\u201d adding that \u201cThe fundamentals of China\u2019s economy have not changed.\u201d The soothing remarks helped the already improving risk sentiment.<\/p>\n

Investors had started to lose faith in the official figures from Beijing about the number of cases of the coronavirus after the methodology was changed last week. But lowering interest rates and pledging further support as needed gave investors confidence that China and thus the global economy will survive.<\/p>\n

The British pound<\/h3>\n

Data released Monday was briefly positive for the pound, but traders quickly faded the rise, sending it lower on the day. Consumer Price Inflation (CPI) gained 1.8% year-over-year above expectations of a 1.6% rise and well up from the 1.3% expected. Concerns that higher inflation will eat into consumer\u2019s disposable income when wages are falling meant Sterling failed to benefit from the inflation figures.<\/p>\n

Although the pound is at its best levels since 2016 against the euro, the weakness in the Eurozone economy is hurting the pound elsewhere. Although the UK has now left the European Union, its economic performance is still closely tied to Europe. Economists fear that if Germany enters a recession, the United States might gain a comparative advantage, but the United Kingdom will be dragged lower.<\/p>\n

\n

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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<\/h6>\n","protected":false},"excerpt":{"rendered":"

The British pound is lower against the Australian dollar on Wednesday as sentiment towards the coronavirus bounced back after a warning from Apple thanks to an assessment by the central bank in China. Meanwhile higher inflation data from the UK failed to usher in any Sterling strength. GBP\/AUD was down by 35 pips (-0.19%) to […]<\/p>\n","protected":false},"author":163946598,"featured_media":5730,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,2139,1629,1394,1987],"class_list":{"0":"post-96323","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-coronavirus","11":"tag-economics","12":"tag-gbp","13":"tag-risk-sentiment"},"acf":[],"yoast_head":"\nGBP\/AUD: Aussie Lifted by PBOC Report - 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\/102437-gbp-aud-aussie-lifted-by-pboc-report\/\" \/>\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\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Aussie Lifted by PBOC Report\",\"datePublished\":\"2020-02-19T16:16:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/\"},\"wordCount\":597,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-usd-pair-holds-stady.jpg\",\"keywords\":[\"aud\",\"coronavirus\",\"economics\",\"gbp\",\"risk sentiment\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102437-gbp-aud-aussie-lifted-by-pboc-report\\\/\",\"name\":\"GBP\\\/AUD: Aussie Lifted by PBOC Report - 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