{"id":97797,"date":"2020-03-20T14:57:18","date_gmt":"2020-03-20T18:57:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=97797"},"modified":"2020-03-24T10:46:37","modified_gmt":"2020-03-24T14:46:37","slug":"102761-gbp-aud-pound-finishes-the-week-with-a-flourish","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/","title":{"rendered":"GBP\/AUD: Pound Finishes the Week with a Flourish"},"content":{"rendered":"

The British pound<\/a> is higher against the Australian dollar<\/a> on Friday in a big short-covering rally that has taken the pound higher against every major currency. The Bank of England rate cut in has helped sentiment towards sterling while the Reserve Bank of Australia began its program of quantitative easing for the first time.<\/p>\n

GBP\/AUD<\/a> was up by 119 pips (+0.60%) to 2.0123 with a daily range of 1.9672 to 2.0304 as of 5pm GMT. The currency pair rallied back above 2.0 which has been a mid-point in a volatile choppy week for the exchange rate. The net result was a +1.41% gain for the week so far.<\/p>\n

Check real time GBP to AUD exchange rate<\/span><\/a><\/div>\n

British pound in big short covering rally<\/h2>\n

It was getting very rough for the pound this week although losses against the Aussie were more limited because of the matching downside pressure on the Aussie.\u00a0 Sterling has staged a major recovery at the end of the week thanks to another emergency rate cut from the Bank of England which took interest rates to a record low, alongside a new quantitative easing program.<\/p>\n

The BOE actions followed new Chancellor Rishi Suank\u2019s expanded \u00a3330bn fiscal response to the like coronavirus-induced downturn that included government-backed loans and mortgage relief for homeowners.<\/p>\n

Despite all the new policies, fears of a long and destabilising UK recession remain. The UK still has the unresolved issue of Brexit \u2013 which was highlighted on a personal level when the EU\u2019s Brexit trade negotiation Michel Barnier announced he had COVID-19 and was self-isolating.<\/p>\n

Australian dollar matches improved risk sentiment<\/h2>\n

The Aussie has been a beneficiary of an improvement in risk sentiment on Friday, rising against the dollar from its lowest level since 2003 but it was no match for the British pound which was rebounding from a 35-year low to the dollar.<\/p>\n

Rising stock markets in response to the increasing monetary and fiscal stimulus across the globe in response to the coronavirus pandemic should correlate with a stronger Aussie. Like the pound, the Aussie has benefitted since its central bank began buying government debt. The RBA bought $5 billion AUD of government bonds this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

The British pound is higher against the Australian dollar on Friday in a big short-covering rally that has taken the pound higher against every major currency. The Bank of England rate cut in has helped sentiment towards sterling while the Reserve Bank of Australia began its program of quantitative easing for the first time. GBP\/AUD […]<\/p>\n","protected":false},"author":163946598,"featured_media":3825,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,1394,1860],"class_list":{"0":"post-97797","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-gbp","11":"tag-gbp-aud"},"acf":[],"yoast_head":"\nGBP\/AUD: Pound Finishes the Week with a Flourish - 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\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/AUD: Pound Finishes the Week with a Flourish\",\"datePublished\":\"2020-03-20T18:57:18+00:00\",\"dateModified\":\"2020-03-24T14:46:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/\"},\"wordCount\":385,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100156-gbp-aud-drop-reaction.jpg\",\"keywords\":[\"aud\",\"gbp\",\"gbp\\\/aud\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/\",\"name\":\"GBP\\\/AUD: Pound Finishes the Week with a Flourish - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100156-gbp-aud-drop-reaction.jpg\",\"datePublished\":\"2020-03-20T18:57:18+00:00\",\"dateModified\":\"2020-03-24T14:46:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100156-gbp-aud-drop-reaction.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100156-gbp-aud-drop-reaction.jpg\",\"width\":800,\"height\":405,\"caption\":\"gbp-aud-bank-notes-and-coins - AUD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/AUD: Pound Finishes the Week with a Flourish\"}]},{\"@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: Pound Finishes the Week with a Flourish - 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\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/AUD: Pound Finishes the Week with a Flourish","datePublished":"2020-03-20T18:57:18+00:00","dateModified":"2020-03-24T14:46:37+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/"},"wordCount":385,"image":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100156-gbp-aud-drop-reaction.jpg","keywords":["aud","gbp","gbp\/aud"],"articleSection":["AUD","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/","url":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/","name":"GBP\/AUD: Pound Finishes the Week with a Flourish - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100156-gbp-aud-drop-reaction.jpg","datePublished":"2020-03-20T18:57:18+00:00","dateModified":"2020-03-24T14:46:37+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100156-gbp-aud-drop-reaction.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100156-gbp-aud-drop-reaction.jpg","width":800,"height":405,"caption":"gbp-aud-bank-notes-and-coins - AUD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102761-gbp-aud-pound-finishes-the-week-with-a-flourish\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/AUD: Pound Finishes the Week with a Flourish"}]},{"@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\/100156-gbp-aud-drop-reaction.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97797","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=97797"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97797\/revisions"}],"predecessor-version":[{"id":97798,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97797\/revisions\/97798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3825"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=97797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=97797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=97797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}