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General Information

GBPUSD

GBP/USD is another popular currency pair on the foreign exchange market. It represents the rate of exchange between the US dollar and the British pound. Whereas the United States utilizes the US dollar as its unit of account, the United Kingdom employs the British pound.

 

The GBPUSD is a key currency in the trading world because of the close economic relations between the UK and the US. Because they are two of the largest economies in the world, economic changes in one country might have a significant impact on the other. The GBPUSD currency pair is therefore commonly used by traders looking to gain from these economic trends and exchange rate swings.

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Glossary

Stop Loss

It is a pending order whose aim is to close a deal that actually exists in the market, whether it is a buy or sell deal, at a specific price, in order to avoid further losses and get out of the deal.

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