GBPAUD - British Pound / Australian Dollar
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/AUD currency pair is heavily influenced by the correlation of two major global economies: the United Kingdom and Australia. Placed in the experienced hands, the GBP/AUD pair could be an ideal move-away from the four majors, and a useful tool to the traderβs portfolio diversification.
Obviously, the GBP/AUD currency pair is controversial and difficult to analyze. On the one hand is the Great Britain leaving the EU. On the other hand is the continent of Australia, whose economy with the ups and downs is heavily dependent on the natural materials and weather changes. Food exports, as well as energy, raw materials and minerals bring a significant part of the Australia's income: it plays a significant role in the country's economy, and AUD is considered as a commodity currency.
The significant difference in the interest rates of The Bank of England and The Bank of Australia (0.25% and 1.5%) allows to use this currency pair for trading with a carry-trade strategy.
If you are interested in trading the GBP/AUD, contact FxPro today to open trading account in several minutes.