GBP/AUD

The GBP/AUD is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Australian dollar of the Commonwealth of Australia (symbol $, code AUD). The pair’s rate indicates how many Australian dollars are needed in order to purchase one British pound. For example, when the GBP/AUD is trading at 1.7500, it means 1 British pound is equivalent to 1.75 Australian dollars. The British Pound (GBP) is the world’s fourth most traded currency, while the Australian dollar is the world’s fifth most traded currency, resulting in a moderately liquid pair. The GBP/AUD often stays within the 2 pip to 5 pip spread range on most forex brokers, which may put off those wishing to scalp this pair. Its consistently high volatility makes it a good candidate for longer term swing trading, although intraday traders may find its erratic nature rather difficult to manage.The GBP/AUD for the skilled trader, presents ample opportunity to extract pips. With a daily range exceeding a couple of hundred pips on a regular basis, on the outset it’s easy to see why. However, the GBP/AUD also carries an appeal, due to the high level of unpredictability. What Factors Drive the GBP/AUD?Overall, a significant factor affecting the value of GBP is the overall performance of the economy across the United Kingdom. This includes key economic readings such as Gross Domestic Product (GDP) and monetary policy updates from the Bank of England (BoE).More recently, the ongoing discussions and negotiations of Brexit between the UK and the European Union have also heavily influenced the GBP.By extension, the import/export nature of Australia is a key factor affecting the rate of the AUD. The role of the Reserve Bank of Australia cannot also be understated, which plays a centralized role in determining the value of the AUD.
The GBP/AUD is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Australian dollar of the Commonwealth of Australia (symbol $, code AUD). The pair’s rate indicates how many Australian dollars are needed in order to purchase one British pound. For example, when the GBP/AUD is trading at 1.7500, it means 1 British pound is equivalent to 1.75 Australian dollars. The British Pound (GBP) is the world’s fourth most traded currency, while the Australian dollar is the world’s fifth most traded currency, resulting in a moderately liquid pair. The GBP/AUD often stays within the 2 pip to 5 pip spread range on most forex brokers, which may put off those wishing to scalp this pair. Its consistently high volatility makes it a good candidate for longer term swing trading, although intraday traders may find its erratic nature rather difficult to manage.The GBP/AUD for the skilled trader, presents ample opportunity to extract pips. With a daily range exceeding a couple of hundred pips on a regular basis, on the outset it’s easy to see why. However, the GBP/AUD also carries an appeal, due to the high level of unpredictability. What Factors Drive the GBP/AUD?Overall, a significant factor affecting the value of GBP is the overall performance of the economy across the United Kingdom. This includes key economic readings such as Gross Domestic Product (GDP) and monetary policy updates from the Bank of England (BoE).More recently, the ongoing discussions and negotiations of Brexit between the UK and the European Union have also heavily influenced the GBP.By extension, the import/export nature of Australia is a key factor affecting the rate of the AUD. The role of the Reserve Bank of Australia cannot also be understated, which plays a centralized role in determining the value of the AUD.

The GBP/AUD is the currency pair encompassing the British pound of the United Kingdom (symbol £, code GBP), and the Australian dollar of the Commonwealth of Australia (symbol $, code AUD).

The pair’s rate indicates how many Australian dollars are needed in order to purchase one British pound. For example, when the GBP/AUD is trading at 1.7500, it means 1 British pound is equivalent to 1.75 Australian dollars.

The British Pound (GBP) is the world’s fourth most traded currency, while the Australian dollar is the world’s fifth most traded currency, resulting in a moderately liquid pair.

The GBP/AUD often stays within the 2 pip to 5 pip spread range on most forex brokers, which may put off those wishing to scalp this pair.

Its consistently high volatility makes it a good candidate for longer term swing trading, although intraday traders may find its erratic nature rather difficult to manage.

The GBP/AUD for the skilled trader, presents ample opportunity to extract pips.

With a daily range exceeding a couple of hundred pips on a regular basis, on the outset it’s easy to see why.

However, the GBP/AUD also carries an appeal, due to the high level of unpredictability.

What Factors Drive the GBP/AUD?

Overall, a significant factor affecting the value of GBP is the overall performance of the economy across the United Kingdom.

This includes key economic readings such as Gross Domestic Product (GDP) and monetary policy updates from the Bank of England (BoE).

More recently, the ongoing discussions and negotiations of Brexit between the UK and the European Union have also heavily influenced the GBP.

By extension, the import/export nature of Australia is a key factor affecting the rate of the AUD.

The role of the Reserve Bank of Australia cannot also be understated, which plays a centralized role in determining the value of the AUD.