GBP/SGD

GBP/SGD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the British Pound against the Singapore 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 Singapore Dollar, issued in Singapore, is managed by the Monetary Authority of Singapore (MAS) through an exchange rate policy, where it is allowed to fluctuate within a policy band against a trade-weighted basket of currencies.

Singapore's economy is heavily reliant on trade, finance, and manufacturing. Therefore, the GBP/SGD currency pairing will be influenced by the relative economic performance and monetary policies of the United Kingdom and Singapore, and also the global trade environment.