Forex
Pound Australian Dollar Rate Volatile Amid Jobs Report and Risk Appetite
The Pound Australian Dollar exchange rate has been sensitive to risk appetite in recent trading sessions.
On Thursday, markets reacted to Australia's latest jobs report, which showed an unexpected increase in unemployment from 4.5% to 4.6%, while full-time employment fell by 6,300.
However, the positive elements of the release helped limit the Australian Dollar's losses and regain some ground as trade continued.
The Pound struggled to hold its overnight gains against the Aussie amid fresh bond market turmoil and softer UK data.