The AUD to GBP (AUDGBP) pair is slightly higher today as traders reflect on the impressive employment numbers from Australia...
GBPAUD
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).
Related currencies: GBPCAD – GBPCHF – GBPINR – GBPJPY – GBPUSD.
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.
AUDGBP retreat today after the news that the state of Victoria is considering a four-week new lockdown amid a rising number in coronavirus cases. The cautious tone from the RBA also weighs on the Australian dollar today.
The AUD to GBP (AUDGBP) pair rose slightly after the Australian statistics bureau released weaker than expected retail sales numbers....
AUD to GBP trades higher for the second consecutive day after the Bank of England decision came as was expected by markets. The pair reversed early losses after the announcement of the BOE decision. Bank of England (BOE) kept the interest rates unchanged at 0.10%
GBPAUD is coming under pressure today, and on a break to the June low of 1.8052, the GBPAUD pair might resume its exaggerated slide from 2.08.
The Bank of England stroke a slightly more hawkish tone than expected at their June 18, 2020 interest rate meeting, by only opting to add £100 billion to their quantitate easing program. This amount was at the lower end of expectations according to the Financial Times.
AUDGBP is under selling pressure today after Australia’s Business Conditions came in at -24, below the forecasts of -16 in May. The Business Confidence registered in at -20, beating the forecasts of -32.
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.
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 exchange rate seems poised to go higher from its current levels at 0.4905. This assumption is...
The AUD to GBP pair rose today on positive signs that the Australian economy could recover. This is after China,...