GBP/AUD in free fall...
As mentioned in previous post, somewhat mixed Aussie labour report overnight, as the headline employment change exceeded expectations 2-fold, but was all due to part-time workers given a near 21k fall in the number of full time jobs.
Pound looking at ongoing COVID-19 concerns across the Eurozone that have prompted Germany’s Economic Institutes to downgrade their 2021 GDP forecast to 3.7% from 4.7%, though raising next year’s growth estimate to 3.9% from 2.7% at the same time.
Pound looking at ongoing COVID-19 concerns across the Eurozone that have prompted Germany’s Economic Institutes to downgrade their 2021 GDP forecast to 3.7% from 4.7%, though raising next year’s growth estimate to 3.9% from 2.7% at the same time.
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