The AUD to GBP (AUDGBP) pair continued the upward trend started on April 2 as the market continued to favour the Aussie than the sterling. The pair is up by more than 15% since April, making it the best bull run for the aussie in modern times.
In this section, you will learn more about the GBPAUD pair, but also be able to read our latest news and technical analysis for the currency pair. You will also find a live chart.
Investors use fundamental and technical tools for their GBPAUD analysis. The GBPAUD outlook in the next months will be affected by the health of the British and Australian economy and the relationship between the UK and Eurozone after the Brexit.
What is GBPAUD?
GBPAUD is the forex pair that tells investors how many Australian Dollars (the Aussie) are needed to buy a British Pound (GBP).
According to the Bank for International Settlements, the British Pound (GBP) is one of the most traded currencies in the world, followed by the Australian Dollar (AUD). The main factors affecting the GBPAUD rate are the monetary policies of the two central banks, the Bank of England and the Reserve Bank of Australia. GBPAUD news also affects the pair. In the previous months, headlines around the Brexit developments were the main factor that drove the GBPAUD price.
GBPAUD Live Chart
GBPAUD Latest News
The AUDGBP pair rose today after China released its trade numbers for April and ahead of the BOE interest rate decision.
The AUD to GBP pair rose to a three-week high on mixed economic data from Markit and Commonwealth Bank. The flash manufacturing PMI data for March improved from 49.8 to 50.1. In the report, the researchers found that while manufacturing production dropped to a record low in March, some manufacturers...
BOE Follows the Fed and Cuts Rates by 50 Basis Points The biggest news in this Asian market session was the emergency rate cut announced by the Bank of England (BOE). According to its announcement, the official cash rate will be lowered by 50 basis points from 0.75% to 0.25%....