Forex is a simplified term for the foreign exchange market. In this type of market, one country?s currency is traded for another; hence the term foreign exchange. For instance, in a forex market the U.S. dollar could be traded for the Euro, the Japanese yen, or the Swiss franc

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Cable fell so far during the American session against the Dollar erasing previous gains. Current price at 1.6277/79 is only 0.03% above today’s opening price. GBP/USD failed earlier to hold above 1.6300 and weakened, falling to 1.6255, posting a fresh intra-day low.
Against the Euro and the Swiss Franc, Cable is rising for the first time [...]

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