{"id":97128,"date":"2020-03-05T13:08:35","date_gmt":"2020-03-05T18:08:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=97128"},"modified":"2020-03-05T13:08:35","modified_gmt":"2020-03-05T18:08:35","slug":"102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/","title":{"rendered":"GBP\/AUD: Aussie Drops as Wall Street Erases Biden Bounce"},"content":{"rendered":"

The British pound<\/a> was higher against the Australian dollar<\/a> on Thursday as a downturn in market sentiment due to resurfacing coronavirus fears saw the Aussie erase some of its recent gains against the pound.<\/p>\n

GBP\/AUD<\/a> was up by 145 pips (+0.75%) to 1.9565 with a daily price range of 1.9409 to 1.9623 as of 4pm GMT.<\/p>\n

Having found a base above 1.94, GBP\/AUD<\/a>\u00a0 surged to 1.96 before the gains were faded towards the end of the day. Thursday\u2019s rise dims the losses this week to just -0.63%.<\/p>\n

The British pound<\/strong><\/p>\n

With no signs of an emergency Bank of England rate cut yet, the pound has shot higher on Thursday against the Aussie dollar, though gains are muted elsewhere. The pound is a little softer this week, since irrespective of the timing an interest rate cut looks almost a given in Great Britain.<\/p>\n

Remarks from EU Chief Brexit negotiator Michel Barnier about the difficulty of the end of the transition period had a modest effect on Sterling. The short timeframe from which to achieve a deal, alongside differences of opinion on level playing field arrangements are obviously a source of frustration for the EU, though most, including Barnier think a deal is attainable.<\/p>\n

Th<\/strong>e Australian dollar<\/strong><\/p>\n

Better than forecast trade data did little to aid the Australian dollar amid waning market sentiment. The likely big drop in Australian exports to China, its biggest customer has been one of the central themes driving the Aussie lower this year. Australia\u2019s January trade surplous fell less than expected to 5,210 million from 5,223 million in December. Clearly the worst is yet to come, hence the data being largely dismissed by traders.<\/p>\n

The bigger drive for the aussie was the sharp deterioration in sentiment characterised by big opening declines on Wall Street, that have washed away most of the so-called \u2018Biden bounce\u2019 from Wednesday. The VIX index often used as a \u2018fear gauge\u2019 for the market rose 16% in the first hour of trading. The Aussie will struggle to make headway while the coronavirus effect on global growth is still so uncertain.<\/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":"

The British pound was higher against the Australian dollar on Thursday as a downturn in market sentiment due to resurfacing coronavirus fears saw the Aussie erase some of its recent gains against the pound. GBP\/AUD was up by 145 pips (+0.75%) to 1.9565 with a daily price range of 1.9409 to 1.9623 as of 4pm […]<\/p>\n","protected":false},"author":163946598,"featured_media":3713,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,2139,1394,1860,1614,1433],"class_list":{"0":"post-97128","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-gbp","12":"tag-gbp-aud","13":"tag-interest-rate","14":"tag-rate-cut"},"acf":[],"yoast_head":"\nGBP\/AUD: Aussie Drops as Wall Street Erases Biden Bounce - 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\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/\" \/>\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\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Aussie Drops as Wall Street Erases Biden Bounce\",\"datePublished\":\"2020-03-05T18:08:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/\"},\"wordCount\":598,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100100-gbp-aud-uk-political-turmoil.jpg\",\"keywords\":[\"aud\",\"coronavirus\",\"gbp\",\"gbp\\\/aud\",\"interest rate\",\"rate cut\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/\",\"name\":\"GBP\\\/AUD: Aussie Drops as Wall Street Erases Biden Bounce - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100100-gbp-aud-uk-political-turmoil.jpg\",\"datePublished\":\"2020-03-05T18:08:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100100-gbp-aud-uk-political-turmoil.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100100-gbp-aud-uk-political-turmoil.jpg\",\"width\":800,\"height\":405,\"caption\":\"gbp-aud-coins - AUD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/AUD: Aussie Drops as Wall Street Erases Biden Bounce\"}]},{\"@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 Drops as Wall Street Erases Biden Bounce - 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\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/AUD: Aussie Drops as Wall Street Erases Biden Bounce","datePublished":"2020-03-05T18:08:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/"},"wordCount":598,"image":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100100-gbp-aud-uk-political-turmoil.jpg","keywords":["aud","coronavirus","gbp","gbp\/aud","interest rate","rate cut"],"articleSection":["AUD","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/","url":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/","name":"GBP\/AUD: Aussie Drops as Wall Street Erases Biden Bounce - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100100-gbp-aud-uk-political-turmoil.jpg","datePublished":"2020-03-05T18:08:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100100-gbp-aud-uk-political-turmoil.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100100-gbp-aud-uk-political-turmoil.jpg","width":800,"height":405,"caption":"gbp-aud-coins - AUD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102600-gbp-aud-aussie-drops-as-wall-street-erases-biden-bounce\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/AUD: Aussie Drops as Wall Street Erases Biden Bounce"}]},{"@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\/100100-gbp-aud-uk-political-turmoil.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97128","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=97128"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97128\/revisions"}],"predecessor-version":[{"id":97129,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97128\/revisions\/97129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3713"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=97128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=97128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=97128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}