Wednesday 24th July 2019

US shares were doing well ahead of the news that trade talks would resume between the US and China next week. That’s pushed equities even higher. It’s that’s the surprising news of the day, the predictable news was that Boris Johnson has been chosen as the UK’s next Prime Minister. But, as NAB’s David de Garis explains to Phil Dobbie, the announcement hasn’t done too much damage to the pound, yet. In fact, the pound wasn’t even hit by the CBI industrial trends survey that paints a bleak outlook for Great Britain. So what will it take for the Aussie dollar to reach the 60 pence mark?