Great Britain Pound vs Australian Dollar •GBPAUD•



GBPAUD is the abbreviation for the British Pound and the Australian dollar representing the number of Australian dollars required to buy one pound. Though both are considered as major currencies, the pair is not. The two currencies have largely independent economies focusing on different sectors. The Australian dollar is considered as a commodity currency relying heavily on the exportation of raw materials while the sterling relies on manufacturing and finance. As compared to the British Pound, the AUD offers a bigger advantage for traders to diversify a portfolio as it has a greater exposure to Asian economies and the commodities cycle. The value of the Aussie dollar rises against the British Dollar with an increase in global commodity supercycle, rising mineral prices and financial or manufacturing recessions. The pair is viewed as a popular counter option for major global trends within industrialized nations.

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