British Pound Sterling
British Pound Sterling Meaning:
In foreign exchange terminology, the British Pound Sterling refers to the currency of the United Kingdom. The currency has the ISO 4217 code GBP, and it is most commonly-traded in the forex market as the base currency against the U.S. Dollar as the pair GBP/USD which is also often referred to by forex traders as Cable.
In foreign exchange terminology, the British Pound Sterling refers to the currency of the United Kingdom. The currency has the ISO 4217 code GBP, and it is most commonly-traded in the forex market as the base currency against the U.S. Dollar as the pair GBP/USD which is also often referred to by forex traders as Cable.
The British Pound is one of the major currencies traded in the forex market. It usually trades against the U.S. Dollar in the forex market, but also trades actively against the E.U. Euro.