Convert British Pounds (GBP) to Australian Dollars (AUD)

Pounds Sterling (GBP)

Name: GBP, British Pound, £, Pound Sterling
Denominations: £5, £10, £20, £50 (rarely used £1, £100) Pound notes. 1p, 2p, 5p, 10p, 20p, 50p, pence coins.

What factors affect it?

The British Pound can be strengthened or weakened by the level of domestic inflation. Inflation levels are measured by the Consumer Price Index which monitors the prices of products within a certain time period. Once the data has been recorded it is then received by the Bank of England and used by the central bank to determine its inflation objectives.

Interest rates play a part in how attractive the Pound is to investors wishing to deposit money in the UK. The higher the interest rate the more appealing the account therefore the greater the demand for Sterling. Likewise, struggling economic growth and the threat of recession can soften the Pound. When in, or close to, recession the UK becomes less able to compete in global markets, which lessens its attractiveness for exports, and interest rates can be introduced to counter the adverse impact of this. Similarly, as 50% of the UK’s exports are bound for the Eurozone, if the currency bloc encounters a problem it can have a big knock-on effect on the UK – and its native currency.

Latest AUD/GBP Market News

Australian Dollar Pushes Pound Back after RBA Leaves Rates Frozen

  Wednesday 7th September, 2016

Australian Dollars (AUD)

The Australian Dollar to Pound exchange rate made a more solid recovery on Tuesday as the Reserve Bank of Australia (RBA) policy decision to freeze interest rates left the ‘Aussie’...

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Australian Dollar Fluctuates Flatly against Pound on Friday

  Saturday 3rd September, 2016

One Pound Sterling (GBP)

The Australian Dollar to Pound exchange rate recovered from its worst levels on Thursday afternoon, but struggled to advance much higher as risk-sentiment remained low. During Friday’s European session, AUD/GBP...

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