Thursday, March 4, 2021

GBP/AUD Exchange Rate Stumbles as Australian Trade Surplus Swells

The Pound to Australian Dollar (GBP/AUD) exchange rate lost its footing even as the UK construction PMI bettered forecasts. Although forecasts had pointed towards an uptick in the PMI the index surprised investors by jumping from 49.2 to 53.3 on the month. This suggests that the construction sector returned to a state of solid growth in...

* This article was originally published here

No comments:

Post a Comment