UK political uncertainty benefits aussie

The aussie strengthened against sterling on Friday as political uncertainty in the UK weighed on the pound.

• The uncertainty surrounding the UK’s political situation weighed on sterling on Friday, as Prime Minister Gordon Brown came under increasing pressure to resign following several ministerial resignations.
  
• A 0.9% gain in Australian shares on Friday also drove the aussie’s gains after rival miners Rio Tinto and BHP Billiton announced a new joint venture.