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country currency pairs gbppln

Great Britain Pound vs Polish Zloty

Great Britain Pound vs Polish Zloty (GBPPLN)

The GBPPLN currency pair represents the exchange rate between the British Pound GBP and the Polish Złoty PLN. This forex pair provides insights into the relative strengths of the British and Polish economies.

-.-- -.--%
Annual change
-.--%
All time High / Low
4.45386 / 6.09167
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
5.10387
High
5.129

GBPPLN Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -37.49
  • Swap Short: -5.97
  • Margin Group: FX Majors
  • Margin Currency: GBP
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of GBPPLN

The history of the GBPPLN currency pair reflects the economic and financial interactions between the United Kingdom and Poland. Over the years, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, interest rates, geopolitical events, and global market sentiment. Both countries have unique economic characteristics, with the United Kingdom being a major global financial center and Poland experiencing significant economic growth. The GBPPLN exchange rate is closely monitored by traders and investors for insights into the relative strength of the British Pound and the Polish Złoty, making it an important component of the forex market.

currency pair gbppln

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Frequently Asked Questions

GBPPLN is a forex currency pair that represents the exchange rate between the British Pound GBP and the Polish Złoty PLN. In this pair, GBP is the base currency, and PLN is the quote currency. It tells you how much one British Pound is worth in Polish Złoty. Traders and investors use GBPPLN to assess the relative strength of these two currencies and make informed decisions in the forex market based on economic, political, and global market factors impacting the United Kingdom and Poland.

To trade the GBPPLN pair, you can start by conducting thorough research and analysis. Keep an eye on economic data and news releases that may impact the British pound GBP and the Polish zloty PLN. Monitor indicators such as GDP growth, interest rates, inflation, and employment figures for both countries. Consider using technical analysis tools such as chart patterns, moving averages, and oscillators to identify potential entry and exit points. Develop a trading plan with clear risk management strategies, including setting stop-loss orders and profit targets. Test your trading strategy on a demo account before committing real funds. Stay updated on political and geopolitical events that may influence the currency pair’s performance. Regularly review and adjust your trading plan based on market conditions and performance evaluation.

The trading hours for GBPPLN can be found here

Popular trading strategies for the GBPPLN pair include trend following, range trading, breakout trading, and fundamental analysis. Trend-following strategies involve trading in the direction of the prevailing trend, whether it’s upward or downward. Range trading focuses on profiting from price oscillations within a defined range, buying near support levels and selling near resistance levels. Breakout trading aims to capitalize on price movements when the exchange rate breaks significant support or resistance levels. Fundamental analysis involves closely monitoring economic indicators, interest rates, and political developments in the UK and Poland to make informed trading decisions. Traders often choose strategies that align with their trading style and risk tolerance.

When trading the GBPPLN pair, consider factors such as economic indicators from the United Kingdom and Poland, central bank policies, geopolitical events, and broader market sentiment. Economic data like GDP, employment figures, inflation rates, and manufacturing data in both countries can significantly impact the exchange rate. Monitor the monetary policies of the Bank of England and the National Bank of Poland, as interest rate decisions and statements can influence trader sentiment. Be aware of geopolitical developments and overall market sentiment, as these factors can also play a role in GBPPLN’s price movements. Staying informed and conducting thorough analysis is essential for successful trading in this currency pair.