Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The performance of the GBP/SGD currency combination is not widely traded outside of Singapore, yet it still has a relatively sizable following. The pair is heavily impacted by the correlation of two major world economies: the United Kingdom and Singapore. Traditionally erratic and hard to predict, the combination is ideally suited to the experienced investors with high-risk thresholds, offering the potential for profits as great as the gambles you’ll need to take.
Keep in mind that Singapore is a small and compact island-state, focused on services, with the area of less than 720 square meters.
The main factors affecting GBP/SGD are oil prices, interest rates, inflation, monetary policy, speeches and statements of the Central Banks representatives, Trade balances of both countries and the Business activity level (for both regions).
If you are interested in trading the GBP/SGD currency pair, contact TNXTrade today and open trading account in several minutes.
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