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


British Pound Slips Despite Higher Yields as Economic Data Weakens

With economic data starting to broadly underperform, the British Pound has begun to slip back. Recent talk of stimulus withdrawal by the Bank of England the resulting bump higher in UK Gilt yields has done little to keep the British Pound supported.
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Analyst Picks

My Picks: GBP/AUD Pending Daily Breakout
Expertise: Technicals
Average Time Frame of Trades: 1 Week - 2 Weeks


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