GBP and USD currency trading
The GBP/USD rate is comprised of
the British Pound Sterling as the 'base' currency, and the US dollar as
the 'counter' or 'quote' currency.The GBP/USD exchange rate is actually
a comparison of the value of one currency in relation to the other. For
example, the quotation GBP/USD 1.45 means that one British Pound
Sterling is exchanged for 1.45 US dollar. If the forex rate increased to
1.50, this would reflect a strengthening British Pound Sterling as
compared with the US dollar. You would buy, if you expected that the
British Pound Sterling would continue to strengthen against the US
dollar.
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