Knowledge Center

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.

Questions and Answers

Do I need to send you any documents?

In order to comply with regulator’s requirements and AML policy, you need to verify the account by sending your documents that prove your identity and your place of residence. This is known as the Know Your Client (KYC) process and is a simple and fast procedure that our Customer Support team will be able to walk you through if you need any assistance.

Glossary

Good 'Til Canceled (GTC)

A form of order in which an investor orders a broker to hold an order open until it is either completed or canceled.

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