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The British pound commonly known as the pound sterling is the official currency of the United Kingdom and its territories. The currency code for British pounds is GBP, also denoted as £. The pound is the oldest currency in the world with sources indicating that it was already in circulation during the Anglo-Saxon period. It has also served as currency in many of the British Empire colonies like Australia, New Zealand and Canada. It is one of the most actively traded currencies in the world coming only after the U.S. dollar, euro and Japanese yen in foreign exchange daily volume. The most popular currency combinations that trade in terms of the GBP are the EUR/GBP and the GBP/USD.
The British Pound is among the five major currencies that form the basis for the Special Drawing Rights (XDR), besides the US dollar, the euro, the Chinese renminbi (RMB) and the Japanese yen. The SDR being an international reserve asset makes the British pound to be considered as a reserve currency. Among the key considerations an investor can take into account when evaluating GBP forecasts include; Consumer Price Index (CPI) for a variety of products and services, Brexit, gold prices and quantitative easing(QE). The Bank of England controls the currency.
RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.
TRADE RESPONSIBLY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
ADVISORY WARNING: In case TTCM CY provide references and links to selected blogs and other sources of economic and market information as an educational service to its clients and/or prospects, opinions or recommendations of the blogs or other sources of information are not endorsed. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and it is advisable for the clients to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice.
LICENCES AND AUTHORISATIONS
TTCM Traders Trust Capital Markets Limited (herein "TTCM CY") is a Cyprus Investment Firm incorporated under the laws of Cyprus, has its principal place of business at 3 Thalia Street, Office Number 310-318, 3rd Floor, 3011, Limassol, Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. TTCM Traders Trust Capital Markets Limited is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.
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