, also known as the British pound, is the third largest benchmark currency.
Usdc-based currency pairs include USDCD, USDCD, USDCD;
Euro-based currency pairs include, EUR/JPY, EUR/GBP and EUR/CHF.
The pound is the benchmark currency against the yen.
It is the benchmark currency for the AUD/USD pair.
How does the foreign exchange market work?
Unlike most financial markets, the foreign exchange market has no specific trading venue.
The operation of the entire foreign exchange market is based on an electronic network between banks, institutions and individuals.
Depending on the time difference, it leaves Sydney every day, then transfers to Tokyo, London, New York.
How is the outer case affected?
Foreign exchange markets and prices are mainly influenced by international transactions and investment flows.
To some extent, foreign exchange prices are also influenced by national economies and policies, such as interest rate adjustments, inflation and political unrest (which heavily affect stock and bond markets).