Currency Options

Trading Basics

Currency Options

A option is the right to buy or sell something in the future but not the obligation. A currency option is on an FX market.

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.

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Bank of England

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

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