The GBP/USD major currency pair has gained the Forex market nickname “Cable”, named after the Transatlantic Cable laid under the ocean which transmitted the GBP/USD exchange rate between the U.S and U.K in the 1960’s. It refers to the exchange rate of the Great British Pound priced in US Dollars, and/or the Great British Pound (GBP) as a stand-alone currency.
Category : Nice to Know
The S&P 500 is one of the most commonly quoted indexes, due to its large cross-section of US companies represented on it.
The service sector covers a wide range of industries, such as: Banks, real estate, education, health, retail, media, energy and many more. The sector includes companies that provides services directly to individual consumers and/or businesses.
EUR/GBP – UK Employment Data vs Euro-Zone GDP and classic speculator market trap