March 10, 2021 - Written by James Fuller The Pound continues to climb, and the British Pound to Australian Dollar (GBP/AUD) exchange rate is benefitting from weakness in the Australian Dollar today. Investors are selling the Australian Dollar after a solidly dovish tone from Reserve Bank of Australia (RBA) Governor Philip Lowe in a recent speech, while Sterling keeps benefitting from the market’s broad optimism that Britain will recover from the coronavirus pandemic. Strength in both currencies has led to GBP/AUD volatility in recent weeks. Last week saw GBP/AUD tumble from the level of 1.8069 to briefly fall as low as 1.78 before rebounding and closing the week just below the level of 1.80.