AUDGBP Retreat From Nine-Month Highs On Weak Aussie Data

AUDGBP is under selling pressure today after Australia’s Business Conditions came in at -24, below the forecasts of -16 in May. The Business Confidence registered in at -20, beating the estimates of -32. Aussie dollar is facing pressure from rising tensions between China and Australia after Beijing warned its citizens against visiting Australia under a significant increase in racist attacks against Asians.

The UK reported no coronavirus deaths for the first time. That will allow a faster reopening of the UK economy, including bars, restaurants and non-essential shops on June 15. Monday’s release is for infections and mortalities that occurred on Sunday. These figures tend to jump on Tuesday.

The negotiations on EU-UK relations after the Brexit ended without a breakthrough. Investors may lose hope that Boris Johnson can sign a deal with the EU, and that might pressure the British pound.

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AUDGBP Retreat From Nine-Month Highs On Weak Aussie Data

AUDGBP is under selling pressure today after Australia’s Business Conditions came in at -24, below the forecasts of -16 in May. The Business Confidence registered in at -20, beating the estimates of -32. Aussie dollar is facing pressure from rising tensions between China and Australia after Beijing warned its citizens against visiting Australia under a significant increase in racist attacks against Asians. 

The UK reported no coronavirus deaths for the first time. That will allow a faster reopening of the UK economy, including bars, restaurants and non-essential shops on June 15. Monday’s release is for infections and mortalities that occurred on Sunday. These figures tend to jump on Tuesday. 

The negotiations on EU-UK relations after the Brexit ended without a breakthrough. Investors may lose hope that Boris Johnson can sign a deal with the EU, and that might pressure the British pound.

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