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Pound Australian Dollar Exchange Rate Soars as UK Economy Rebounds in March


May 12, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Edges Higher as UK Economic Confidence Continues to Grow
The Pound Australian Dollar (GBP/AUD) exchange rate rose by 1% today after the UK rebounded in March thanks to the nation’s effective rollout of Covid-19 vaccines. The pairing is currently trading around AU$1.82.
Sterling continued to rise against the Australian Dollar today as the outlook for the UK economy continues to improve.
Chancellor Rishi Sunak was also upbeat about the data, saying:
‘Despite a difficult start to this year, economic growth in March is a promising sign of things to come. As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery.’ ....

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