Understanding & Valuing The British Pound
Learn What Economic Factors Affect The Value of the British Pound
Other Major Currencies:
The British Pound, also referredto as the cable or sterling, is one of the few currencies along with the Euro that is quoted as the base currency when paired with the US dollar. The pound has a history of being a stable currency, however it has displayed weakness over the last few years as global financial crisis has affected those economies who are highly invested in derivatives.
The pound is the third largest reserve currency in the world after the US dollar and the Euro. The GBP/USD currency pair has a very large trading volume and high liquidity, as london is the largest foreign exchange financial center in the world, and is a favorite of many currency traders.
