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.


Brexit Bill’s Progress Crucial for GBP/USD Outlook

With politics rather than economics continuing to drive the British Pound, attention in the coming days will be fixed on the Brexit Bill as it winds its way through the Westminster Parliament.
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