This currency pair is also known as ‘cable’ owing its name to the undersea cable that transmitted prices between London and New York many years ago

GBP/USD Market Influences

Interest rates play a major role when the idea of evaluating one currency against another comes in to play. The interest rate determines the capacity of earning for a particular currency. Inflation influences the interest rates greatly. If interest rates of a country are rising because of a healthy economic growth that is a positive sign for the currency. It has to be kept in mind that the value of a particular currency always reflects its buying power..

Product Specifications and Information

Product Name GBP/USD
Trading Exchange Spot
Minimum Fluctuation 0.00001
Spread 1.8 pips
Lot Size 100,000
Trading Hours Sunday 21.03 to Friday 20.58 GMT Time
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