About Gbp Try and Gbp Try Trading
What type of currency pair is GBP/TRY?
The GBP/TRY is an exotic currency pair, as it consists of a major currency (GBP – the British Pound) and an emerging currency (TRY– the Turkish Lira).
The Turkish Lira is the quote currency, and the British Pound is the base currency. The GBP/TRY currency pair shows traders how much the GBP is worth when compared to the TRY.
Drivers for the GBP/TRY currency pair
The GBP/TRY pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
How can you trade the GBP/TRY currency pair?
At CAPEX.com you can follow the GBP/TRY live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the GBP/TRY pair?
Here at CAPEX.com you can trade the GBP/TRY pair from Sunday to Friday, between 21:05-20:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.