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Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound ( sign: £ ) is the main unit of sterling, [ 4 ] [ c ] and the word pound is also used to refer to the British currency generally, [ 7 ] often qualified in international contexts as the British pound or the pound sterling .
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could ...
Small-cap resurgence. Small caps were one of the beneficiaries of the post-Trump election rally. The Russell 2000 small-cap index jumped more than 5% on Wednesday for its best day in nearly two years.
Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates. The data given on this page are based on the international dollar, a standardized unit used by economists.