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GBPPHP

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

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

GBPPHP.FOREX is a financial symbol commonly used to represent the exchange rate between the British Pound Sterling (GBP) and the Philippine Peso (PHP) in the foreign exchange (forex) market. It indicates how many Philippine Pesos one British Pound can be exchanged for at a specific point in time. Forex trading involves buying one currency and simultaneously selling another, aiming to profit from fluctuations in their relative values. The GBPPHP pair is considered an exotic currency pair due to the Philippine Peso being less frequently traded compared to major currencies like the US Dollar or Euro. Trading exotic pairs like GBPPHP often involves higher volatility and wider spreads, which can present both opportunities and risks for traders.
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Factors

Economic Indicators: UK & Philippine economic data (GDP, inflation, unemployment) influence currency strength.

Interest Rate Differentials: Higher UK rates relative to the Philippines attract capital, boosting GBPPHP.

Political Stability: Political unrest in either country can weaken the respective currency.

Global Risk Sentiment: Risk-on favors higher-yielding currencies like PHP; risk-off strengthens GBP.

Commodity Prices: Philippine economy's reliance on commodity exports impacts PHP value.

Market Speculation: Large speculative trades can cause short-term GBPPHP fluctuations.

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