April 13, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Slips as UK Economy Stagnates
Pound Australian Dollar (GBP/AUD) Exchange Rate Slips as UK Economy Stagnates
The Pound Australian Dollar (GBP/AUD) exchange rate weakened during Thursday’s session, as the UK’s economy was seen to have stagnated during February.
Furthermore, upbeat labour market data in Australia increased rate hike bets amongst AUD investors, supporting the ‘Aussie’.
At the time of writing, GBP/AUD traded at around AU$1.8591, a fall of roughly 0.3% from Thursday’s morning rates.