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What Does GBP/USD (British Pound/U.S. Dollar) Mean?

british dollar gbp mean pound USD
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What Does GBP/USD (British Pound/U.S. Dollar) Mean?

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The abbreviation for the British pound and U.S. dollar (GBP/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one British pound (the base currency). Trading the GBP/USD currency pair is also known as trading the “Cable”.

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