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|Product Type: Currencies||Market: Global|
|Trading Hours: 24 hours, Mon-Fri.|
Britain’s pound sterling against Australia’s dollar (GBP/AUD) is a cross-pair of the GBP, which is considered the 4th most commonly-traded currency in the foreign exchange market, after the United States dollar, euro and Japanese yen. GBP (generally referred to simply as the pound), and AUD (nicknamed the “Aussie”), are the official currencies of the world’s 5th and 12th largest national economies respectably. GBP/AUD’s exchange rate indicates how much of the Aussie is needed to buy one pound. It is generally affected, among other things, by Britain and Australia’s economic policies, unemployment rates, export/import statistics and gross domestic product (GDP) growth.