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GBPHKD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.5352$
  • Previous Close
    10.5362$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GBPHKD.FOREX represents the exchange rate between the British Pound Sterling (GBP) and the Hong Kong Dollar (HKD) in the foreign exchange market (Forex). This currency pair indicates how many Hong Kong Dollars are needed to purchase one British Pound. Traders speculate on the fluctuation of this exchange rate, aiming to profit from buying or selling GBP in relation to HKD. The price is influenced by a multitude of factors including economic indicators in both the UK and Hong Kong, interest rate differentials, and global market sentiment.

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Factors

Economic Indicators: UK & HK data, like GDP growth, inflation, and unemployment, influence currency values. Stronger UK data generally boosts GBP, while strong HK data strengthens HKD.

Interest Rate Differentials: Differences in interest rates set by the Bank of England and the Hong Kong Monetary Authority impact capital flows. Higher UK rates can attract investment, increasing GBP demand.

Geopolitical Events: Political instability or major policy changes in the UK or Hong Kong can create uncertainty, affecting investor sentiment and currency values. Examples include elections or trade disputes.

Market Sentiment: Overall market risk appetite influences currency demand. In times of uncertainty, investors may seek safe-haven currencies, potentially impacting both GBP and HKD.

Trade Balance: The UK and Hong Kong's trade balances can affect currency values. A trade surplus generally strengthens a currency, while a deficit weakens it.

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