Euro Vulnerable As Vaccines Rolled Out In The UK, US And Canada but Not The EU
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FED Preview: FOMC Commitment To Sustained Stimulus Will Keep US Dollar On Defensive
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Exchange Rates Today 15 12 2020: UK Pound And Euro Gains Rapidly Fade, Traders Buy The Dollar Dip
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GBP AUD Exchange Rate Edges Higher As Brexit Talks Continue
GBP/AUD Exchange Rate Rises as Covid-19 Vaccine Rollout Boost UK Market Confidence
The Pound to Australian Dollar (GBP/AUD) exchange rate rose by 0.1% today despite the UK unemployment rate rising by 4.9% in October. Redundancies also hit a record high.
Tej Parikh, the chief economist at the Institute of Directors, commented:
‘While the roll-out of the vaccine has buoyed employers, it won’t automatically undo the damage done to their businesses by the pandemic.
‘Hiring plans for next year remain stuck in neutral with many firms needing to tend to damage balance sheets. To avoid a further uptick in unemployment at the end of Q1, the Treasury should consider measures to encourage job creation.’