Trading Basics
Brent Crude
A type of oil extracted from the North Sea, off the UK.
Because of its constituent elements and cost to transport it can differ in price to other oil types, like West Texas Intermediate.
Other Trading Basics
Cable
Another name for the GBP – USD exchange.
Around half a trillion dollars is traded between the two currencies everyday, making it the third most popular currency pair to trade in behind EUR – USD and USD – JPY.
Book Value
A valuation of something using its net assets on the balance sheet.
A very rough way of valuing an asset because it ignores the intangibles.
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