The exchange rate of the British pound to the Australian dollar on Forex
GBPAUD, a cross-currency pair comprised of the British pound sterling and the Australian dollar, is characterized by rapid and sharp price fluctuations. This pair is characterized by high volatility and frequent unpredictable behavior. The analysis of GBPAUD based on fundamental factors is considered quite difficult. When considering the fundamental data affecting the pair movements, one should pay attention to the US macroeconomic indicators, as the US dollar is directly involved in the calculation of cross-rates. The national currencies that make up the pair react at different speeds to the release of the US economy indicators. The pair is most active during the European and Pacific sessions, when major news of the UK and Australia are published.
The prices of gold, oil and gas have a big impact on the Australian dollar, which is why AUD is considered a commodity currency. The UK economy is focused on the services, industry and raw materials (oil and gas) sectors.
Predicting the movement of GBPAUD pair using technical analysis tools is difficult. Strong correlation is observed with the chart of the EURAUD pair and reverse correlation - with AUDUSD.
The current GBP/AUD quotations chart shows the current cross rate of the British pound sterling pair against the Australian dollar.
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