GBP/HKD

GBP/HKD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the British Pound against the Hong Kong Dollar.  

The British Pound, the currency issued in the United Kingdom, is one of the four major currencies. According to the 2022 BIS Triennial Central Bank Survey, the British Pound ranks fourth in trading volume, following the Japanese yen.  

The Hong Kong Dollar, issued in Hong Kong, is pegged to the US Dollar.

This peg means its value is closely tied to the US Dollar, and therefore, it is heavily influenced by US monetary policy and economic conditions. The GBP/HKD currency pair will be influenced by the relative economic performance and monetary policies of the United Kingdom and the United States.