|Spreads from||Mon-Fri open||Leverage up to|
|2.0 pts||24 hrs||400:1|
The British Pound is influenced by numerous factors, both domestic and international. Domestically, GBP is affected by economic indicators which provide an insight into the health of the UK economy, including interest rates and quantitative easing (both determined by the Bank of England), GDP growth, inflation and labour market data. Furthermore, the British pound can be affected by the prices of some base metals, oil and other commodities. USD can be influenced by labour market data (in particular NFP results and the level of unemployment), GDP and inflation data, interest rates and the Fed. Lately, quantitative easing, or the possibility of it, by the Fed and the notion that the US dollar may be a safe haven has factored into investors decisions when trading USD.