All currency crosses exist in both direction May 3, by Forextraders. E-Mail Please enter valid email. Twenty-three countries still peg their currencies to the dollar, and at one time, all international currencies were as well. Pattern Graphix - notices things you never will!
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Market Data figures are provided for the trading day. Price movements of these two currency pairs can vary quite dramatically. This is due to periods of release of important economic news, which are strongly affecting the movement rate on these currency pairs. For example, the central bank of England may announce its intention to change the interest rate. In this case, the market will quickly react to the news by certain minor fluctuations, but at the time of release of information about the new value of the interest rate, the market immediately reacts to the news by a sharp jump rate in a given direction.
For this reason, traders should be especially careful not to get a loss for open positions. The process of moving the pound is similar to the euro and Swiss franc movements. However, trade in the pound sterling can be quite unpredictable, for the simple reason that it was unclear how the currency behaves in next time.
Pound often behaves against published economic news. Open trading account Open demo account. Prev Close Prev Close Closing price, the previous day. Open Open Opening price. Day's High Day's High The highest price over the last trading day. Day's Low Day's Low The lowest price over the last trading day. Service is temporarily unavailable. Go to Patterns page. Pattern Graphix - notices things you never will! InstaForex Benecard Debit card.