EURUSD 1.1375 USDJPY 112.46 USDCAD 1.3411 EURCZK 25.748 USDCZK 22.628 EURPLN 4.2845 USDPLN 3.7666
EURUSD 1.1375 USDJPY 112.46 USDCAD 1.3411 EURCZK 25.748 USDCZK 22.628 EURPLN 4.2845 USDPLN 3.7666

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The GBPUSD market importance is closely related to the fact that the UK is the intermediary for offshore transactions

GBPUSD
Bid / Ask: 1.26683 / 1.26704
Price change: 0.00485 (0.38%)
Opening price: 1.26198
Maximum price: 1.27047
Minimum price: 1.25914
Display period:
Chart type:

Rule of thumb

London generates a major part of the turnover on the GBPUSD market

This currency pair provides information on the price of one British Pound (GBP) in terms of US Dollars.

 

The British pound is the fourth most important currency in the world, in terms of  turnover, whereas the GBP/USD market is considered to be the third most traded currency pair on a  global scale, accounting for nearly 10% of the total turnover in the foreign exchange market.

 

The US Dollar serves as both reserve and commodity currency, whereas the British Pound acts as a lead currency for offshore investments and derivatives transactions, such as swaps and forwards. This currency pair is often referred to as “cable”, going back to historical days when transactions were performed through a transatlantic cable underwater. 

Pola oznaczone gwiazdką są wymagane.

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