what will be result of Ashes First match?

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Ashes - Test match series between Australia and England has always one of the most famous series in cricketing world. Australia at least lowest position (6th in test ranking) needs this a win in this match. For Aussies, even draw means loosing because at the end of first inning they had handsome lead of 221. But on fourth day England openers and scored centuries and made it difficult for Aussies to win. At the end of the fourth day England had 88runs lead and 9 intact wickets. What will be result of this match? how this will impact morale of Australian players?