January 19, 2023 – Written by John Cameron
STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Strengthens as Australian Labour Marker Cools
Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Australian Labour Marker Softens
The Pound Australian Dollar (GBP/AUD) exchange rate strengthened on Thursday, as the Australian labour market showed signs of cooling. This in turn prompted investors to drastically scale back their bets for further rate hikes, causing AUD to fall.
At the time of writing, GBP/AUD traded at around AU$1.7913, an increase of roughly 0.7% from Thursday’s morning rates.