The British Pound, Cubed by Dennis Meyers, Ph.D.
ARTICLE SYNOPSIS ...Currency markets are popular with trend-followers because of the tendency for currency markets to follow long-term trends. Here's how to smooth out the trend and recognize the major turns.
The British pound (BP) is a major
currency traded worldwide by
corporations, institutions, banks,
commodity funds and futures
traders. The BP is traded 24
hours a day, and most of the
world's largest banks make a
two-sided market in the British
pound and its associated derivatives.
Small traders, however, are constrained to
trade the BP futures on the Chicago Mercantile
Exchange (CME). The BP futures are t...