Pound V Australian Dollar: GBP / AUD can not recover from the mysterious crash accident

The current GBP / AUD exchange rate fluctuates around AU $ 1,745 for a small but mysterious “flash crash” shedding Sterling progress.

GBP/AUD
The GBP/AUD exchange rate isfluctuating around AU$1.745

The current GBP / AUD exchange rate fluctuates around AU $ 1,745 for a small but mysterious “flash crash” shedding Sterling progress.

The data has supported two currencies on Thursday, but that pound, which proved to be dominant, became the GBP / AUD exchange rate of 1.2 percent increase after strong unexpected retail sales.

Retail sales rose in April by 2 percent – the projected rate – compared with the same period the previous year increased by 4 percent forecast 2.6 percent.

This has helped to allay concerns that rising consumer prices will reduce household spending, which will further slow activity in the UK Vital services sector.
Although the Australian dollar was received from morning labor data, thanks to 37,400 jobs and a surprise jobless drop from 5.9 percent to 5.7 percent, the pre-morning rise of steam from the UK time was released.

The pound then quickly erased much of its rise thanks to the ‘Accident flash’, which was inserted closed shortly after the English trading session.

Analysts are not sure what caused the crash – which is lower in magnitude than in October which pushed the pound to 31-year lows – but suspect that with automated trading or a reaction to Conservative’s introduction Parteiewahl could have been a manifesto.

GBP/AUD
The GBP/AUD exchange rate was rising 1.2 per cent after unexpectedly-strong retail sales figures

GBP / AUD lost half a cent and is now deeper for around AU $ 1,744 as raw material abroad and political developments continue to support the Australian dollar.

However, it is temporary since it may change that China’s steel prices rise sharply if supply is intensive.

The government is currently in the midst of a major crackdown on manufacturers that do not meet emissions standards while temporarily shutting down the plant, which it found violating.

This means that steel inventories are almost half that of the 10-month peak, reached in February, with prices for major steel products such as iron ore pressed.

pound
The pound erased much of its gains thanks to the ‘flash crash’

In addition, making political jitter in the US continues USD in unsightly assets and pushing commodity indices; The Bloomberg Commodity Index is currently higher by 0.5 percent, reflecting the appeal of the goods.

The market continues to fret over by a scandal involving the White House, with the remarks of former FBI Director James Comey that Trump has never tried to encourage him to allow the investigation of Michael Flynn, not to facilitate tension.

In addition, it has been shown that a substitute bill of Obamacare that was finally scratched two weeks ago by Congress, has not been sent to the Senate for approval, which means that legislation in the House should be matched again.

The pound erased much of its gains thanks to the 'flash crash'
The pound erased much of its gains thanks to the ‘flash crash’

It underscores the difficulties that President Donald Trump may have in securing support for taxes and spending on his massive reforms – two things that the US dollar despite the many controversies that have shaken the White House since the election of Trump, have high demand.

All this proves to the Australian dollar as cheap and, thanks to the lack of other data, to prevent pounds sterling from accumulating profits.