Bank of England

Trading Basics

Bank of England

The UK’s central bank responsible for setting interest rates for Sterling and maintaining stability in the UK’s financial industry.

Other Trading Basics

Bid

Traders can go short at the bid price.

The terminology is from the broker point of view, they are bidding to buy from you.

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Cost of Carry

The cost to a trader of maintaining a position. This might be in form of overnight financing on simple CFD trades but can also include the costs to insure, transport or finance on more complex trades.

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Bear Trap

When a piece of analysis points to the market falling and the price instead goes up, trapping the bears.

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