Here are 3 quick forex facts for you as we start a new trading week in the markets:
- The Forex market is the most liquid asset class in the world with over $6 trillion traded daily on the on Forex.
- The pair GBP/USD is known as Cable because of the large steel cable running under the Atlantic connecting London and New York Stock Exchanges before the invention of satellites and fibre optics.
- 85% of the global forex transactions happen on the seven currency pairs known as the majors (EURUSD, USDJPY, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF)
