Frequently Asked Questions
What is the pip value for GBP/AUD?
One standard lot (100,000 units) on GBP/AUD has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is GBP/AUD most active?
GBP/AUD sees its highest trading volume during the London and Sydney sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect GBP/AUD most?
The most impactful events for GBP/AUD come from the GBP and AUD economies. Bank of England MPC votes, UK CPI, and monthly GDP estimates are the pound's primary catalysts. UK political events and fiscal policy announcements can also produce sharp moves. RBA cash rate decisions and the accompanying statement drive AUD pairs. Chinese economic data — PMIs and industrial production — often have an outsized effect since China is Australia's largest trading partner. The upcoming events section above lists the specific releases scheduled in the next two weeks.