June 9, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Rangebound, BoE Says UK Housing Market is ‘On Fire’
The Pound Australian Dollar exchange rate held steady this morning following dovish comments from the Bank of England’s (BoE) chief economist, Andy Haldane, who said the British labour market remains highly uncertain. The pairing is currently fluctuating around AU$1.82.
GBP failed to benefit from his more bullish comments, however, such as that the UK housing market was ‘on fire’. Rising inflation is however causing some concern for the central bank.
Haldane commented on the UK jobs sector:
‘We’ve still got more than 3 million workers on furlough across the UK, and that means that uncertainties about the future jobs market remain pretty acute.’