What are the most commonly traded currency pairs in the UK Forex market?

By Admin / Feb 26, 2024

The UK Forex market is one of the largest and most active Forex markets in the world, with traders actively trading a wide range of currency pairs. However, there are some currency pairs that are more commonly traded than others. The following are the most commonly traded currency pairs in the UK Forex market:

  1. 1. EUR/USD (Euro/US Dollar)

  2. 2. GBP/USD (British Pound/US Dollar)

  3. 3. USD/JPY (US Dollar/Japanese Yen)

  4. 4. USD/CHF (US Dollar/Swiss Franc)

  5. 5. AUD/USD (Australian Dollar/US Dollar)

  6. 6. USD/CAD (US Dollar/Canadian Dollar)

  7. 7. NZD/USD (New Zealand Dollar/US Dollar)

  8. 8. EUR/GBP (Euro/British Pound)

  9. 9. EUR/JPY (Euro/Japanese Yen)

  10. 10. GBP/JPY (British Pound/Japanese Yen)

These currency pairs are often referred to as the “majors” in the Forex market, as they are the most heavily traded and widely recognized currency pairs. They offer traders a high level of liquidity, tight bid/ask spreads, and the ability to trade them 24 hours a day, 5 days a week. However, it’s important to note that traders can also trade other currency pairs in the UK Forex market, depending on their trading strategy and risk appetite.

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