May 11, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Rises Ahead of May’s Easing of UK Lockdown Measures
The Pound Australian Dollar (GBP/AUD) exchange rate rose today after Prime Minister Boris Johnson confirmed that England’s lockdown will be eased on 17 May. The pairing is trading around AU$1.80 at the time of writing.
GBP rose against the ‘Aussie’ after the PM confirmed that England will enter the next stage of lockdown easing, with households to be allowed to socialise indoors.
Restaurants and bars will also be allowed to serve indoors.
Pound investors have become more optimistic about the outlook for the UK economy, with the easing of lockdown measures expected to further speed up the nation’s economic growth in the months ahead.