GBPAUD chart

GBPAUD chart by TradingView


This pair denotes how many Australian Dollars are needed to purchase one British Pound. Often, the Australian Dollar is referred to as a risk currency due to its relatively higher interest rates and correlation to global equity markets. The British Pound depreciated relative to the Australian Dollar after 2008 and only began making a significant rebound in 2013 in light of declining growth in China and a slowdown in the global commodity supercycle, which has hurt Australia's largest sector, mining.


USD Reeling after Fed’s Dovish Hike; GBP a Buy on Dips around BOE

No move expected today, but the BOE meeting should keep traders' attention tuned in to a 25-bps hike at the May meeting.
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