How does the daily pip movement of GBP/USD compare to other major cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The daily pip movement of the GBP/USD pair is generally more stable compared to major cryptocurrencies. This is because the GBP/USD pair represents the exchange rate between the British pound and the US dollar, which are both stable and widely traded currencies. On the other hand, major cryptocurrencies like Bitcoin and Ethereum are known for their high volatility and large price swings. While the daily pip movement of GBP/USD may vary depending on market conditions, it is typically lower compared to cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  When it comes to daily pip movement, the GBP/USD pair is like a calm river compared to the wild waves of major cryptocurrencies. While cryptocurrencies can experience significant price fluctuations within a single day, the GBP/USD pair tends to have more predictable and smaller movements. This is because the GBP/USD pair is influenced by factors such as economic data, interest rates, and geopolitical events, which are relatively stable compared to the factors affecting cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  According to our analysis at BYDFi, the daily pip movement of GBP/USD is indeed lower compared to major cryptocurrencies. This is due to the nature of the forex market, where currency pairs like GBP/USD are influenced by economic factors and central bank policies. On the other hand, cryptocurrencies are driven by a variety of factors including market sentiment, technological developments, and regulatory news. While both markets can be volatile, the daily pip movement of GBP/USD tends to be more stable in comparison.
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