Convert GBP to AUD
GBP/AUD enjoys a close, negative correlation with commodities such as iron ore, coal and gold. This means that whenever the prices of these commodities increase, GBP/AUD will turn bearish and vice versa.
This currency pair will see maximum price action during the Pacific and European sessions, when both countries' markets open and the most amount of fundamentals related to the GBP and the AUD are released.
On average, the GBP/AUD forex pair sees a movement of around 160 pips.