Trading Basics
Libor
London Interbank Offered Rate. The rate at which banks are happy to lend to each other for 3 months.
Other Trading Basics
Bullish and Bearish Markets
A bullish market means that the price is going up and higher.
Commodities
A commodity is a basic good where the quality of the product won’t differ depending on where it’s sourced.
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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