The history of XAUGBP dates back to the 17th century when the British pound was first established as a major global currency. The use of gold as a medium of exchange also dates back to ancient times, making it one of the oldest currencies in the world. The gold standard was used in many countries until the mid-20th century, including the United Kingdom. However, the gold standard was eventually abandoned and today the XAUGBP is traded as a currency pair in the foreign exchange market. Over the years, fluctuations in gold prices and British pound values have led to significant changes in the value of the XAUGBP.

Gold vs Great Britain Pound
Gold vs Great Britain Pound (XAUGBP)
The XAUGBP currency pair represents the exchange rate between gold XAU and the British Pound GBP. It reflects how many British Pounds are needed to purchase one troy ounce of gold.
Gold vs Great Britain Pound
XAUGBP Contract Specifications
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Minimum Spreads, points: 0
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Tick size: 0.01
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Contract Size per Lot: 100
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Trading Platform: MetaTrader 4
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Swap Type: in points
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Minimum Volume: 0.01
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Swap Long: -41.83
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Maximum Volume: 0
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Swap Short: -28.76
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Pip Value: 10 GBP
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Margin Group: FOREX
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Profit Group: FOREX
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Hedged Margin: 1
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Margin Currency: GBP
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Days Swap: Wednesday
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Execution: MARKET
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Margin Percentage: 100%
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Trading Schedule EET: CHECK
History of XAUGBP

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