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GBP/USD price (PROVIDED BY eToro)
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Your Questions Answered
A. The currency market, or forex (FX), is the largest and most liquid investment market in the world. Currencies are traded against one another as pairs (e.g. EUR/USD).
In a currency pair, the first currency is the base currency. So in the EUR/USD, the euro is the base currency as it is mentioned first. When you buy to open a trade, the base currency is the one you are selling or going ‘short’. If you are trading on margin, this is the currency you are borrowing against to buy the quote currency.
Currency prices fluctuate due to factors relating to the countries involved, for example, economic situation, geopolitical risk and trade agreements to name but a few. Learn more on how to trade currencies
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