GBP/AUD

GBP/AUD

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History of the Pound Sterling

At some point during the reign of Henry VII in 1489, the pound coin was first made. Pound notes were first used in England in 1694, just after the Bank of England was set up. Since, and the notes were written by hand. Instead, the U.K. kept GBP as its main currency.

History of the Australian Dollar

Australian dollars were tied to the U.S. dollar at a rate of 1 AUD = 1.12 USD in 1967, when the pound standard was abolished. The Australian dollar (AUD) was first floated on the open market in 1983. Australia's one-dollar coin and two-dollar coin were both released in 1984.

GBP/AUD Forex Chart
Instrument: GBP/AUD
Spread: floating
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -2.59 %
Overnight Interest (daily) Buy: -4.15%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: GBP/AUD

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GBP/AUD Trading FAQs

In Europe, most of the data is made public at the same time as it is in the United Kingdom. Because of this, trading European currency pairings is a great opportunity. Between 8:30 and 10:00 a.m. Eastern Time, the United States issues its latest economic data, which is when a large amount of GBP is traded.

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