sterling

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Sterling, although you can make reference to sterling silver, is predominantly associated with the currency of the United Kingdom. If you travel to the UK from another country you will have to exchange your country's currency for British Sterling.

The UK left the Gold Standard in the mid-20th century and has since had a floating exchange rate.

This means that sterling is freely traded on the foreign exchange (forex) market. Large clearing houses like Dukascopy in Switzerland are responsible for acting as brokers between people wanting to buy and sell Sterling.

Almost $4 trillion a day passes through the forex markets, and a country's exchange rate can have a major impact on the price of imports and exports (and thus affect the economy). Because of this, a lot of bloggers write about it. These range from big institutional blogs from the Financial Times (which talks a lot about sterling and the British Economy, to blogs that teach individuals how to trade the forex markets.

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