GBPAUD chart

GBPAUD chart by TradingView

GBP/AUD

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.


News


Central Bank Weekly: British Pound Carves Out Reversal Candles after BOE

Odds of a 25-bps tightening move in August have increased from 48% yesterday to 68% today, per overnight index swaps.
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GBP/AUD Posts Key-reversal at Resistance, Watch for Channel Break


British Pound Forecast: Brexit Talk and BOE Data to Steer the Sterling


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Real Time News


Analyst Picks

Paul Robinson

Paul Robinson Market Analyst

My Picks: GBP/AUD
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks


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