If a broker is offering a fixed spread then you’ll have a pre-arranged spread no matter the currency pair. The idea is that the brokers spread will be higher than the market spread, which will allow them to profit from the difference. Currencies are traded in lots – batches of currency used to standardise forex… Continue reading Forex FX: Definition, How to Trade Currencies, and Examples

The importer can then assert a claim on ITC for the IGST and payment, however not for the standard customs duty. The BoE has been responsible for setting the UK’s benchmark interest rate since 1997, when the government transferred its authority over U.K. In June 2017, Governor Jerry Brown signed legislation stripping the Board of… Continue reading BoE’s Mann warns inflation pressure higher than forecasts show