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Thinking of trading GBPAUD?

    1. Due to the GBP being a reserve currency and a much bigger economy than the AUD, traders might find trading this pair somewhat advantageous. Because of the AUD being less widely traded, it might find itself less vulnerable to speculation and less likely to swing in political sentiment. 2. Due to the high interest rates in Australia, this pair tends to be used as a Carry-trade. This happens when investors borrow in low-rate countries such as the UK (0.50%) and then transfer it into high-rate countries such as Australia (4.7%). Of course, in order to do this successfully one must watch over the Interest rates decisions of every country.
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GBP was decimalised in 1971 even though it dates back to around 775. It is the fourth most-traded currency across the globe. The AUD was preceded by the imperial system's Australian pound, and the country chose to substitute it with the Australian dollar in 1960s. Australia's physical closeness to the Asian continent has made of imports and exports a deciding factor in the Australian currency.The pair saw its highest point back in September 2002 when it was trading at 2. 90962 and 9 years later it hit its lowest price at 1.43810 in May 2013. Currently it is trading at 1.8297. As with many other major currencies, the value of the GBP is affected by monetary policies and overall performance of the economy. The GDP and interest rates decisions by the BoE (Bank of England) will push the price of the GBP either way. In contrast, the AUD is also affected by the same economic factors but an additional factor to keep in mind when trading the pair is the import and export industry of Australia.

1. There are many things that a trader must look out for when trading any forex pair, as they come with their particular volatility. When it comes to the GBP, investors really need to keep an eye out for any political news regarding the Brexit. Unexpected events such as resignations from political figures can shake the price enough to take you to your margin call. Do not confidently overtrade when it involves the GBP. 2. Additionally, you need to be careful with pairs involving the AUD. As it is a major commodity exporter you must not forget that some of these commodities are priced in US dollars. When you weigh in the changes in exports and imports, the prices of their most valuable resources are in USD. When trading this pair, do not forget to also have in mind how they are directly affected by the USD.