{"id":97820,"date":"2020-03-23T05:01:22","date_gmt":"2020-03-23T09:01:22","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=97820"},"modified":"2020-03-23T08:04:48","modified_gmt":"2020-03-23T12:04:48","slug":"102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\/","title":{"rendered":"GBP\/AUD Maintains Long-Term Uptrend, Australia Imposes Tighter Social Distancing Measures\u00a0"},"content":{"rendered":"<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">GBP\/AUD<\/a> is moving sideways in early trading on Monday, though the pair is still following an uptrend that started on March 4. Currently, one <a href=\"https:\/\/currencylive.com\/news\/currency\/gbp\/\">British pound<\/a> buys 2.0103 <a href=\"https:\/\/currencylive.com\/news\/currency\/aud\/\">Australian dollars<\/a>, up 0.03% as of 7:30, thought pair negative a few minutes ago.<\/p>\n<p>Both the British and Australian economies are struggling with the impact of the <a href=\"https:\/\/currencylive.com\/news\/topic\/coronavirus\/\">coronavirus outbreak<\/a>, which doesn\u2019t seem to slow down.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to AUD exchange rate<\/span><\/a><\/div>\n<h2>Australian Government Imposes Closures of Pubs, Casinos, Cinemas<\/h2>\n<p>Yesterday, Australian Prime Minister Scott Morrison required many businesses, including those who manage casinos, pubs, and cinemas, to close their venues from Monday to fight the COVID-19 after many people ignored previous warnings and continued to gather in large numbers.<\/p>\n<p>As of Sunday, the number of cases surged to 1,098, while the death toll rose to 7.<\/p>\n<p>Restaurants and cafes will be limited to take-away and delivery services, the PM said. He <a href=\"https:\/\/news.trust.org\/item\/20200322095945-r8ix8\/\">added<\/a>:<\/p>\n<p>\u201c<em>I am deeply regretful that those workers and those business owners who will be impacted by this decision will suffer the economic hardship that undoubtedly they will now have to face<\/em>.\u201d<\/p>\n<p>Today, the Reserve Bank of Australia (RBA) bought $2.3 billion in local government bonds. The move is part of its recently announced quantitative easing measures to maintain the short-term yields around the interest rate of 0.25%.<\/p>\n<p>On Friday, the central bank bought about $3 billion on its first day of the bond-buying programme.<\/p>\n<p>Despite the measures, some industries will continue to suffer. For example, recent data shows that Australia\u2019s housing market is about to experience another decline caused by social distancing measures.<\/p>\n<p>Property consultancy CoreLogic said that preliminary auction results showed that the clearance rate had tumbled to 61.3% last weekend, from over 70% in recent weeks. Also, the auction withdrawal rate in Australia\u2019s capital cities jumped to more than 8% from about 5%. CoreLogic <a href=\"https:\/\/www.corelogic.com.au\/news\/continued-uncertainty-around-covid-19-has-seen-preliminary-clearance-rate-take-hit-week\">explained<\/a>:<\/p>\n<p>\u201c<em>In all likelihood we will see more vendors choosing to withdraw from the market until confidence and selling conditions improve.\u201d<\/em><\/p>\n<p>The housing market experienced a downturn in mid-2019. Still, it had managed to recover and even become one of the few flourishing sectors at the start of this year, when the economy was measuring the impact of one of the worst fire seasons in Australia\u2019s history.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/AUD is moving sideways in early trading on Monday, though the pair is still following an uptrend that started on March 4. Currently, one British pound buys 2.0103 Australian dollars, up 0.03% as of 7:30, thought pair negative a few minutes ago. Both the British and Australian economies are struggling with the impact of the [&hellip;]<\/p>\n","protected":false},"author":163946603,"featured_media":47061,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1540,2504,1394,1860,1803,1787,2247],"class_list":{"0":"post-97820","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-pandemic","11":"tag-gbp","12":"tag-gbp-aud","13":"tag-housing-market","14":"tag-reserve-bank-of-australia","15":"tag-scott-morrison"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/AUD Maintains Long-Term Uptrend, Australia Imposes Tighter Social Distancing Measures\u00a0 - 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\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\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\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3bd9732cd8453e3df154132a302a4416\"},\"headline\":\"GBP\\\/AUD Maintains Long-Term Uptrend, Australia Imposes Tighter Social Distancing Measures\u00a0\",\"datePublished\":\"2020-03-23T09:01:22+00:00\",\"dateModified\":\"2020-03-23T12:04:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/\"},\"wordCount\":400,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-aud.jpg\",\"keywords\":[\"aud\",\"Coronavirus Pandemic\",\"gbp\",\"gbp\\\/aud\",\"housing market\",\"Reserve Bank of Australia\",\"Scott Morrison\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102768-gbp-aud-maintains-long-term-uptrend-australia-imposes-tighter-social-distancing-measures\\\/\",\"name\":\"GBP\\\/AUD Maintains Long-Term Uptrend, Australia Imposes Tighter Social Distancing Measures\u00a0 - 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