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.


GBP/USD & GBP/AUD Sporting Weak Charts, Headed Lower

GBP has been weak for the most part across the board, and looks headed for another leg lower in the near-term versus USD and AUD.
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Analyst Picks

Paul Robinson

Paul Robinson Market Analyst

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

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