GBP vs AUD Exchange Rates

Daily exchange rate chart for GBP vs AUD

Daily exchange rate chart for the Pound vs Australian Dollar

GBPAUD was trading on the currency markets at 1.835736 on Tuesday 27th March 2018 at 7:34 AM.
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GBP vs AUD currency overview for 27th March 2018

The Australian Dollar has seen mixed performance so far this week, as concerns about a potential ‘trade war’ between the US and Australia have kept the currency from benefitting too much from domestic news.

On Wednesday morning, the Australian Dollar tumbled after China announced fresh tariffs on imports of US goods. As China is Australia’s biggest trade partner, trade clashes involving China have left the ‘Aussie’ looking unappealing.

Australian data has also been unable to support the ‘Aussie’ Dollar. While retail sales beat expectations, building permits fell short. Investors are anticipating further developments on trade, as well as services and trade balance data due on Thursday.

GBP vs AUD trend analysis chart

GBP vs AUD trend analysis chart

GBP vs AUD trend analysis for 1st May

Although GBP-AUD has been in an uptrend for some time, the fact that the recent trend (blue line on the chart) is now pointing downwards indicates that a trend change may be forming that is likely to send the Pound lower against the Australian Dollar.

If you want to buy Australian Dollars, it might be prudent to do so soon, as it looks your Pound will buy less Australian Dollars in the near future.

The overview update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/AUD exchange rates


This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.