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.


GBP/USD Traders’ Preferred Vehicle on High Risk BoE Decision

We have already held our breath through three rate decisions this week - RBA, BoJ and Fed - and all three left the market unfazed. However, we shouldn't grow complacent for the upcoming BoE.
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Walker England   

Forex Trading Instructor

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



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