Trading Basics
Long Gilt
UK government bonds with maturities longer than 10 years.
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.
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.
Bank of England
The UK’s central bank responsible for setting interest rates for Sterling and maintaining stability in the UK’s financial industry.
Start learning
Learn the skills needed to trade the markets on our Trading for Beginners course.
