British Pound vs. Australian Dollar
This pair refers to the amount of Australian Dollars required to buy a single British Pound. Usually, the Australian Dollar is considered a risk currency because of its parallels to equity markets around the world, as well as its comparatively high interest rates. After 2008, the British Pound depreciated enough to be proportionate to the Australian Dollar. In 2013, it started making a substantial recovery in light of China’s declining growth, and a delay in the international commodity super-cycle. This has affected mining, which is Australia's biggest sector.