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GBP/AUD

British pound sterling (GBP) to Australian dollar (AUD) exchange rate.

Product Type: Currencies	Market: Global
Trading Hours: 24 hours, Mon-Fri.

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Description:

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.

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Interesting Facts:

GBP is the 4th most actively traded currency in the foreign exchange market. It is also one of the world’s major reserve currencies.
AUD (generally referred to as the "Aussie"), is one of the six most-traded currencies globally.
London, the UK’s capital, is the largest financial center in the world and is home to nearly 30% of all daily foreign exchange transactions.
Formerly a British colony, Australia is considered one of the worlds’ top exporters of metals, minerals and agriculture commodity products.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital.
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