Forex
Pound-to-AUD Hits Three-Month Low Amid Risk-On Sentiment
The Pound to Australian Dollar exchange rate hit a three-month low on Thursday as risk-on sentiment swept markets, reaching AU$1.8797.
A more hawkish tone from Bank of England Governor Andrew Bailey could help Sterling recover and counter the downward pressure.
Australia's balance of trade showed a narrowing surplus in July, with exports and imports contracting, but the Australian Dollar was cushioned by an upbeat market mood.