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GBP
The pound sterling or British pound (eng. Pound sterling, British pound) is the currency of great Britain. One pound consists of 100 pence, and the abbreviation is considered to be the GBP (English. Great Britain Pound). Interestingly, Pound sterling translated as a pound. Origin of the word sterling is understandable, because it is sterling, but that's where I get a pound? The second word in English is Pound, but in Russia it is the German way to refer to the currency as the pound. In circulation it is possible to meet bills for 5, 10, 20, 50 pounds and coins 1, 2, 5, 10, 20, 50 pence. The Bank of Russia annually at a cost in rubles of one unit of currency of great Britain.
The story of the pound
In 1694 the Bank of England first began to issue banknotes. This date is considered to be a consolidation of titles in the world. Until 1694 in England, was in the course of silver coins made of an alloy according to German recipe. The name "Easterling Silver", previously used in Germany, means an alloy of 925 sterling silver, later shortened in England to "Sterling Silver". This name came to mean "coin silver." The solution to the first issue of these coins took king Henry II in 1158.
At this point in the official documents of the British currency is so designated, the pound sterling. In Forex it is called, or GBP pound. In 1971 the GBP was given to the decimal system. Since England joined the European Union, the currency remained in circulation in recent years, when many other European countries adopted the Euro (EUR). Pound, with tremendous history and left in its place in the home country.
GBP on Forex
In the Forex market there are pairs formed with the participation of the GBP. For example, one of the most popular trading instruments in the market can be considered as GBP/USD that has high levels of volatility. Especially claimed is a pound during European exchanges. The so-called European session on Forex market is the most active period of time when the UK currency most in demand. Some traders talk about the close similarity of the value of volatile currencies EUR and GBP.
At the opening of the European markets, from Forex, there is a sharp increase in trading activity in GBP. Some trading strategies are aimed to catch the beginning of a sharp movement of the tool after the Asian session, during which the pound is not very popular. The currency pair EUR/USD and GBP/USD are correlated, but their correlation coefficient is often far from unity. Such trading instruments used in trade according to the trends, when you need it "real" currency that is able to overcome the hundreds of points in a short period of time.
The pound is in demand, and therefore, its pair with the U.S. dollar, as a rule, brokers set relatively small value of the spread. The average spread for GBP/USD is 3 pips. So democratic value only adds to the appeal of the pair. If we talk about the cost of one pound in rubles, then you need to focus on the sum of 50 rubles, approximately. In Russia, the national currency of the UK is not in demand, much less the position of the Euro and the us dollar.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 343
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