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GBP/AUD Exchange Rate Stumbles as Australian Trade Surplus Swells

March 4, 2021 - Written by John Cameron 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 February, in spite of the ongoing pressures stemming from the Covid-19 crisis. However, the ultimate impact of the data ...
United Kingdom John Cameron Exchange Rate Stumbles As Australian Trade Surplus International Money Exchange Rates Exchange Rate

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