Arbitrage occurs as the result of market inefficiencies and is the practice of buying and selling an asset in different markets at the same time in order to benefit from price difference.
Did you know?
The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
Word of the day
"Spread Betting" - The practice of betting on the price movement of a specific currency pair without buying or selling it.
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