{"id":99968,"date":"2020-05-11T13:04:03","date_gmt":"2020-05-11T17:04:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99968"},"modified":"2020-05-11T15:00:25","modified_gmt":"2020-05-11T19:00:25","slug":"103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\/","title":{"rendered":"GBP\/AUD: Australian Dollar Drops as South Korea Coronavirus Cases Rise"},"content":{"rendered":"<p>The British pound is higher against the Australian dollar on Monday.<\/p>\n<p>A rise in the number of coronavirus cases in some countries like South Korea weighed on the Aussie dollar, which had been benefiting from expectations the Asian region would be the first to recover from the pandemic.<\/p>\n<p>The British pound recovered tentatively from the 3-month lows struck last week against the Australian currency.<\/p>\n<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-aud-exchange-rate-today\/\">Pound versus Australian dollar<\/a> was up by 26 pips (+0.14%) to 1.9022 as of 4pm GMT.<\/p>\n<p>GBP\/AUD found a low for the day at 1.895 and rebounded to 1.905 before pulling back. Last week the exchange rate had slumped -2.45%.<\/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>GBP: UK return to work thrown into doubt with confusion<\/h2>\n<p>The UK finally began to ease some lockdown restrictions this week, but the changes were met with confusion. Prime Minister Boris Johnson changed the very clear message of \u2018stay home, protect the NHS and save lives\u2019 to a much fuzzier message in a pre-recorded video published on Sunday evening.\u00a0 It left the public, businesses and trade unions uncertain about what to do next and little time to make any decisions before the new work week began.<\/p>\n<p>Outside of the work setting, Johnson also said people would be able to meet one other person from outside their household in parks or other outdoors spaces if they are two metres apart. However by Monday the government was suggesting people should be wearing face masks if meeting too.<\/p>\n<h2>AUD: South Korea case rise undermines Asia recovery<\/h2>\n<p>The Australian dollar was sold amid a softer mood in financial markets, which were pulling back over uncertainty cause by a flare up in new virus cases in certain countries. The Aussie dropped as South Korea, which had \u201cflattened its curve\u201d saw a jump in new cases, threatening to undermine the economic recovery in the Asia-Pacific.<\/p>\n<p>Domestically, Australia saw no big increases in cases but the new cases in Korea suggest the timing of reopening flights in Australia might have to be pushed back further.<\/p>\n<p>There was a slight easing in the decline in business confidence in Australia from -66. Last month to -45.6 at the latest reading released today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British pound is higher against the Australian dollar on Monday. A rise in the number of coronavirus cases in some countries like South Korea weighed on the Aussie dollar, which had been benefiting from expectations the Asian region would be the first to recover from the pandemic. The British pound recovered tentatively from the [&hellip;]<\/p>\n","protected":false},"author":163946608,"featured_media":3633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1379],"tags":[1578,2750,2751,1392],"class_list":{"0":"post-99968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-gbp","9":"tag-aussie-dollar","10":"tag-gbp-au","11":"tag-south-korea-coronavirus","12":"tag-sterling"},"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: Australian Dollar Drops as South Korea Coronavirus Cases Rise - 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\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jasper Lawler\" \/>\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\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/AUD: Australian Dollar Drops as South Korea Coronavirus Cases Rise\",\"datePublished\":\"2020-05-11T17:04:03+00:00\",\"dateModified\":\"2020-05-11T19:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/\"},\"wordCount\":394,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100060-gbp-aud-7-month-high-iron-ore.jpg\",\"keywords\":[\"Aussie dollar\",\"gbp\\\/au\",\"south korea coronavirus\",\"sterling\"],\"articleSection\":[\"AUD\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103183-gbp-aud-australian-dollar-drops-as-south-korea-coronavirus-cases-rise\\\/\",\"name\":\"GBP\\\/AUD: Australian Dollar Drops as South Korea Coronavirus Cases Rise - 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