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GBPAUD is a currency pair of the UK pound sterling (GBP) and the Australian dollar (AUD). The UK pound sterling is the currency of the UK, which circulated as the world's key currency before WWII, and the Australian dollar is the currency of Australia, one of the world's most resource-rich countries. Characterized by high volatility, the British pound is popular among investors who prefer speculative trading due to its large price fluctuations. The pound is the currency of the UK and was the world's key currency until World War II. It is still one of the world's four major currencies, alongside the US dollar, the euro, and the yen. The UK is located in Western Europe and is a member of NATO, but has left the EU and is not using the euro. The Australian dollar is a currency with a high interest rate and enduring popularity, while the country is politically and economically more stable than emerging economies. Australia is rich in energy resources such as iron ore and coal, and is also a gold-producing country, which means that the Australian dollar is highly correlated to the prices of gold and other resources. In addition, as resource-rich countries are greatly affected by the economies of their export partners, the Chinese economy, Australia's largest export partner, has a significant impact on the currency.