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GBP/AUD: indicates the rate of the pound to the Australian dollar. Highly volatile. Often it’s very difficult to predict the movement of the price; currently, the UK economy is at the crossroads due to Brexit, while the Australian economy heavily depends on the climate, export of natural resources, agricultural products and the state of mining industry. There’s a negative correlation of the pair with AUD/USD and AUD/CAD. Both currencies are influenced by economic indicators of the US: inflation, unemployment, interest rate, etc. The pair offers a lot of opportunities for short-term trading.
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