Should You Invest In GBP/AUD?

The GBP/AUD is a currency pair that specifies how many Australian dollars are needed to buy 1 British pound, often also referred to as ‘pound sterling’. The British pound is generally considered to be the world’s oldest currency still in use. When trading this currency pair, the British pound is the base currency—with a value of 1—while the value of the Australian dollar fluctuates. The currency pair can be affected by fundamentals that impact the British and Australian economies, and announcements by the National Banks of both countries. Monitor the GBPAUD price chart by adding this instrument to your eToro watchlist.