Safe-Haven Currencies

Currency that is viewed as stable enough to keep its value relative to other currencies in times of economic uncertainty.

Short Position

Investment positions that benefits from a decline in market price; for example, when the base currency is sold the position is short.

Spot Rate

The current exchange rate that a currency pair can be bought or sold at.

Spot Trade

Purchase/ sale of currency for immediate delivery, as opposed to sometime in the future.

Sterling

Nickname for the GBP/USD currency pair.

Stop Loss

Order to buy/ sell at a pre-defined level in order to limit a loss.

Support Level

Opposite of a resistance level; price level where a currency has, historically, had difficulty falling past.