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Pound To Australian Dollar (GBP/AUD) Exchange Rate Rangebound As Aussie Retail Sales Rise In November
GBP/AUD Exchange Rate Steady as Risk Sentiment Slides on New Covid-19 Strain Fears
The Pound to Australian Dollar (GBP/AUD) exchange rate held steady today, with the pairing currently trading around AU$1.77.
The Australian Dollar (AUD) stabilised today following the release of the flash Australian Retail Sales data for November, which rose by 7% as Black Friday and Victoria’s reopening increased sales.
Ben James, director of Quarterly Economy Wide Survey at ABS, commented on the data:
‘Victoria saw a large rise, up 21%, as retail stores experienced a full month of trade following the easing of coronavirus restrictions in that state. Excluding Victoria, retail sales rose 2.7%.’ ....

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