The British pound is the currency of the United Kingdom and is one of the major currencies traded in the world by companies, institutions, banks and individual traders.
has always occupied an important place currency in trade, helped both by the undisputed supremacy of the City in economic affairs and Europe on the one hand as the currency of reference between import-export trade between Europe and the United States. Although
been included from the outset to the ecu, not a party to the adoption of the euro, note that, while it has preserved its economy by balancing dynamic convergence Community could still push for a isolation analysis.
Precisely these are the reasons that have seen diminishing the importance of cross currency Pound / US Dollar most traded in favor of a Euro / Dollar, with a possible triangulation Euro / Pound.
The Future is on the British pound was introduced in 1975 and represents the ratio sterling / dollar, indicating how many dollars it takes to buy one pound, the contract value is equal to 62,500 pounds and as most of the Financial Future dates for quarterly (March, June, September, December) .
is contracted to the CME (Chicago Mercantile Exchange) through the electronic trading system is (CME Globex) that allows a contract of 24 hours 24.
contract
Name Description: sterling (British pounds) contract signed
BP
expiration months: March, June, September, December,
Stock Exchange: CME, Chicago Mercantile Exchange minimum price variation
(Tick) 0.0001
Tick Value: $ 6.25
trading hours: from 7:20 a.m. at 2:00 p.m. Chicago
size of the contract: the contract 62500 GBP
Quote: expresses the exchange rate USD / GBP
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