Click on the tabs for key stock market indices, forex and equities markets.
Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
Forex Price Comparison
A price comparison table looking at the 'spread size' and minimum stakes for the most popular forex markets.
EUR / USD Daily - Spread Size
1
1
1
2
0.8
1
1
1
EUR / USD Daily - Min Stake
£1
£0.50
£0.50
£0.5
£1
£1
£1
£1
GBP / USD Daily - Spread Size
2
2
2
3
0.8
2
2
2
GBP / USD Daily - Min Stake
£1
£0.50
£0.50
£0.5
£1
£1
£1
£1
EUR / GBP Daily - Spread Size
1
2
2
1
1
1
1
3
EUR / GBP Daily - Min Stake
£1
£0.50
£0.50
£0.5
£1
£1
£1
£1
USD / JPY Daily - Spread Size
0.8
2
1
2
0.8
0.8
0.8
3
USD / JPY Daily - Min Stake
£1
£0.50
£0.50
£0.5
£1
£1
£1
£1
Comparison Notes.This table is not meant to be inclusive, forex spread betting may be available through other brokers.
Forex Spread Betting Analysis & News
Date
Trading Update
17-May-13
[4:40pm] Financial spread betting video considering stock market indices hitting all-time highs despite mixed economic data, moves in the Australian dollar after the RBA rate cut and CMC Markets' client sentiment.
Update by Michael Hewson, Senior Market Analyst,
17-May-13
[4:14pm] A stronger US dollar has been given a boost by this talk of potential reductions in QE, and the broader dollar index now sits near a ten-month high.
This is good for imports to the US, allowing Americans to spend more, with today's Michigan index reflecting a steady rise in optimism.
If Ben Bernanke can manage the transition from ultra-loose to tighter monetary policy the 'almighty dollar' could be one of the themes of 2013.
Update by Chris Beauchamp, Market Analyst,
17-May-13
[3:34pm] The US dollar has continued to push higher with the US dollar index hitting its highest levels since July 2010.
Currency traders piled into the dollar on perceptions that the Federal Reserve is getting closer to the day when it will look at tapering its bond purchase program.
The yen also continued its decline touching ¥103 for the first time since 2008.
The Canadian dollar is the worst performer of the day after inflation data showed price pressures diminishing to their lowest levels since 2009, fuelling speculation that the next move in interest rates could be lower.
Lower average fuel prices over the past few weeks have helped in this regard.
The euro has remained under pressure today slipping closer to its March and April lows on market chatter that the ECB had sounded out various European banks about how they would cope with negative deposit rates.
There was a ray of good news with the EU new car market showing a gain of 1.7% in April, a positive figure for the first time in 19 months raising expectations of a possible turnaround in this beleaguered market.
The Australian dollar has also continued its recent strong decline after breaking below the 200 week MA for the first time since May 2010, as speculation about further RBA rate cuts and potential Fed tapering prompts further Australian dollar weakness.
Amongst the better performers, the US dollar aside, the pound has held up fairly well particularly against the euro after MPC member Martin Weale suggested that further stimulus was unlikely before the arrival of Mark Carney.
In addition, he suggested that their scope for action remains fairly limited given current elevated levels of inflation, though this could change if energy prices remain on their lows, pulling inflation expectations down with it.
Update by Toby Morris, Senior Sales Trader,
17-May-13
[12:36pm] Recent rallies in non-USD currencies resulting from poor US data have not lasted long and those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have not lasted either.
Broadening pro-USD sentiment may stay for longer than we had thought as the US dollar index has exited from another 9-year down cycle.
The greenback has primarily been boosted by FX Spread Trading investors’ realisation and relative expectations that the Fed is the central bank most likely to precede its global peers in reducing its asset purchases program.
This would be regardless of whether or not it ends up maintaining or increasing the program altogether.
BoJ and the Yen
The case of the Bank of Japan is well known. The bank aims to double its monetary base from ¥135 trillion to ¥270 trillion within 2 years and raise the average maturity of Japanese Government Bonds to 7 years from 3 years.
The method of achieving this is via a monthly expansion of its balance sheet to the tune of 1.1% of GDP, compared to 0.5% of GDP by the Fed.
If that were not enough to drag the currency down, BoJ governor Kuroda is immensely experienced with verbally guiding the currency after his 4-year stint at the MoF’s International Affairs division.
ECB and the Eurozone
The European Central Bank’s avoidance of quantitative easing had been partly the result of improving market metrics relieving the stress off peripheral bond yields.
Spain was spared the sacrifice of imposing deeper austerity policies as a condition to get more from an ECB bailout after its 10-year bond yields tumbled 50% off their July highs.
With market metrics in better shape, the ECB is now occupied with deepening recessions throughout the bloc.
These come in the form of 6 consecutive quarterly GDP contractions in the Eurozone, 7 straight contractions in Italy and the second quarterly decline in France.
Chatter of negative ECB interest rates may end up being just that i.e. mere talk. With the euro we are increasingly seeing the ‘selling of the bounce’ rather than ‘buying the dip’.
BoE and Asset Purchases
The Bank of England has not added to its £375bn asset purchase in nearly a year.
Furthermore, questions have been made about its own credibility after failing to bring inflation towards the 2.0% target over the past 40 months.
Such failure had been highlighted by the fact that GDP growth posted 4 quarterly contractions during the 40-month period.
This implies that upcoming BoE governor Mark Carney will do away with the 10-year practice of targeting an EU-harmonised CPI of 2.0%, in order to focus on the job of more aggressive stimulus policy.
Thus, markets anticipate at least more of the same in the way of quantitative easing, at the expense of sterling.
Commodity Currencies
Commodity currencies are already being hit by the comprehensive damage in the commodity complex damage.
Putting this into perspective, natural gas is the only commodity up in double digits this year, while most metals and iron are down double digits with the exception of palladium.
The Reserve Bank of Australia cut interest rates to 53 year lows, while the Reserve Bank of New Zealand resorted to admitting that it sold its own currency.
This leaves the Bank of Canada as the exception in avoiding asset purchases, so far.
However, this month’s appointment of the head of Canada’s export agency to the helm of the Bank of Canada means that Canadian exporters will finally find an ally at the central bank.
Stephen Poloz is likely to be more attentive to the needs of exporters via capping the Canadian dollar, which was not the case with Mark Carney.
As anecdotal evidence of swelling Canadian household debt becomes a legitimate banking concern, the combination of weak commodities and questionable loans quality is not conducive to a tight monetary policy.
The US dollar index may well be pressured by continued policy easing, but the role of relative expectations across G7 policy accommodation, US energy savings and asset market channels suggest that upside is the logical route. As such 88.0 on the USD index is to be tested after a 3–year absence.
Update by Ashraf Laidi, Chief Global Strategist,
17-May-13
[9:44am] MPS vs Queen's Speech vs Sterling
An IT consultant called Nigel has spent seven years cataloguing the keystrokes necessary to go directly to the correct desk when telephoning a given call centre.
On his website "pleasepress1.com" he has published the shortcuts for 130 firms and government departments which, he claims, can save up to eight minutes of listening to recorded options.
If, for example, you want to ask HMRC about a tax refund you dial the main number followed by 1-2-1-1 and you will get straight through to someone able to answer the question.
To find out about the government's stance on EU membership, call Conservative Central Office then press 1-4-3-9-3-4-2-5-8-6-5-5-7-2-1922-27-4-6-15-304.
It looked yesterday evening as though the Tory rebellion, which saw 130 voting against the Queen's Speech in the House of Commons, might be damaging to sterling.
The pound dipped at the time and, against the US dollar at least, is nearly 1¢ down from yesterday's high.
On the day, however, Cable is fractionally higher as a result of Thursday afternoon's steady upward progress.
People's Bank of China Reduces Liquidity
Compared with Thursday's opening levels sterling is either steady or firmer across the board.
The pound's biggest gains were against the commodity currencies, with the NZ dollar falling by 2%, the Australian dollar and the South African rand by more than 1% and the Canadian dollar by nearly that much.
A significant chunk, but by no means all, of their losses came after the People's Bank of China withdrew the equivalent of £3.7bn of liquidity from the Shanghai money market.
The suspicion is that the PBC intends to tighten monetary policy further, a move which could rein in economic activity and reduce appetite for the commodity exporters' produce.
Update by
17-May-13
[7:34am] US Dollar was mixed against most of its major counterparts on Thursday.
On the US economic data front, consumer price index (CPI) declined 0.4% MoM in April (-0.3% expected and -0.2% in March), initial jobless claims for the week ended May 11th rose to 360K (330K expected) from 328K.
Also, Philly Fed Manufacturing Index decreased to -5.2 in May (2.0 expected) from 1.3 the previous month.
Finally, housing starts dropped 16.5% MoM in March (-6.4% expected) while building permits jumped 14.3% MoM (+3.8% expected) according to data released by the Commerce Department.
The Euro was mixed against its major counterparts.
In Europe, euro zone CPI fell 0.1% in April, as expected, after a 1.2% gain the month before. YoY prices gained 1.2%.
Update by
17-May-13
[7:23am] US Dollar Index Rises
The dollar index, which measures the dollar's value against a basket of currencies, rose 0.4% to 83.927, nearing a 10-month high of 84.094 set earlier this week.
This comes after US Federal Reserve officials said the central bank may begin to taper its asset buying this summer.
Update by Max Cohen, Trader,
17-May-13
[7:12am] EUR/USD Forex Analysis
The euro is continuing to look bearish against the dollar, as it fast approaches its initial target of $1.28.
This target is based on the size of the double top the pair broke below recently and the neckline of the head and shoulders on the weekly chart.
We saw a brief period of dollar selling yesterday, following the release of some woeful US figures.
However, this was only temporary, and the pair quickly recovered to trade slightly lower on the day.
Yesterday's candle could therefore be seen as a potential bullish signal, given that it looks like a textbook doji.
However, given the way the price action reacted to the temporary dollar weakness, I remain bearish.
This is highlighted perfectly on the four-hour chart, where the price action bounced aggressively off the middle Bollinger band as there was clearly a combination of profit taking and sell orders.
It is also worth paying attention to the death cross which we're seeing on the daily chart, 50 day SMA crossing below the 200 day SMA. This is quite a bearish signal.
Although looking back over the last five years or so, the price action immediately following the cross does quite often turn bullish briefly, before heading lower.
GBP/USD Forex Analysis
Sterling has turned bearish again on Friday, following a brief retracement.
The pair found strong resistance from the 50 day SMA, after failing to close above it on each of the last two days.
This is quite a bearish signal in itself, given the direction of the pair in the lead up to those two days.
It will be interesting now to see how the price action reacts to the 61.8 Fibonacci level, of the move from this year's lows to May's highs.
Already we're seeing some support between the 50 and 61.8 Fibonacci levels which could suggest this pull back is simply a retracement of the bullish move dating back to March.
The thing that makes me doubt this is the clear resistance at the 50 Fibonacci level on the daily chart which was an incredibly bearish signal.
If the pair breaks below the 61.8, it will confirm the bearish outlook for me.
If the pair does continue to push lower, I expect it to find support around $1.5218, 50 Fibonacci, $1.5150, $1.5126, 61.8 Fibonacci, $1.5075 and $1.5030.
USD/JPY Forex Analysis
The dollar appears to be trading sideways against the yen, after running out of steam around ¥102.75, a previous level of resistance.
So far, during this huge move higher in the pair, there has been a clear pattern of the pair hitting big resistance levels, before pulling back to either the 50 or 61.8 Fibonacci level.
I am now considering a Fibonacci set from the most obvious recent swing low to Wednesday's swing high.
If we do see a pull back in the pair, which we haven't seen clear signs of yet, I think the most obvious level it will target is the 50 Fibonacci at the ¥100 level, which previously acted as key resistance.
As I mentioned though, we haven't seen signs of a pull back yet. If the pair breaks below the pennant it is currently trading in, then I expect it to pull back to the 50 Fibonacci level.
Update by Craig Erlam, Market Analyst,
17-May-13
[6:23am] With two Fed members discussing a possible tapering of QE, the euro-dollar rate struggled for gains and slipped back below the $1.2900 level to $1.2880.
Despite the move, the pair did manage to finish unchanged on the day following some earlier strength.
Update by Jonathan Sudaria, Market Dealer,
17-May-13
[4:22am] EUR/USD closed lower on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins trading. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. If it extends this month's rally, the 50% retracement level of the February-April's decline crossing is the next upside target. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
Update by
17-May-13
[4:00am] The GBP is trading 0.2% lower against the USD at $1.5248, slightly lower against the EUR at €1.1855, and 0.1% down against the JPY at ¥155.92.
The EUR is trading 0.2% lower against the USD at $1.2862 and marginally lower against the JPY at ¥131.53, as investors await the release of construction output data from the Eurozone to get further direction.
The USD is trading 0.1% higher against the JPY at ¥102.27, amid speculation that the Fed minutes next week will reveal a hawkish tone following the comments from San Francisco Fed President John Williams.
Yesterday, the USD ended lower against its major counterparts, following weaker-than-forecast reports on US unemployment claims, housing and inflation.
However, the greenback managed to claw back some of its losses, after San Francisco Fed President John Williams stated that the central bank might taper quantitative easing, possibly as early as the summer. This is based on whether the economy grows in line with his forecasts.
The EUR fell against the GBP, as investors speculated that the ECB might extend its monetary stimulus measures to revive growth in the region. The EUR also fell, as data indicated that region's annual inflation rate declined to 1.2% in April from 1.7% in March.
The AUD slipped against majority of its 16 counterparts, amid rising concerns that a slowdown in global growth would hurt commodity prices.
Update by Ishaq Siddiqi, Market Analyst,
17-May-13
[4:00am] Forex Price Update:
GBP/USD is trading -$0.0029 (-0.19%) lower at $1.5248. GBP/EUR is trading -€0.0003 (-0.03%) lower at €1.1855. GBP/JPY is trading -¥0.11 (-0.07%) lower at ¥155.92. GBP/ZAR is trading R 0.0114 (0.08%) higher at R 14.2422. EUR/USD is trading -$0.0021 (-0.16%) lower at $1.2862. EUR/JPY is trading -¥0.05 (-0.04%) lower at ¥131.53. EUR/CHF is trading -SFr 0.0001 (-0.01%) lower at SFr 1.2426. USD/JPY is trading ¥0.13 (0.13%) higher at ¥102.27. USD/CHF is trading SFr 0.0014 (0.15%) higher at SFr 0.9662. AUD/USD is trading -$0.0058 (-0.59%) lower at $0.9767.
Update by
16-May-13
[5:02pm] The dollar was subjected to a sell-off against a basket of currencies with the pound once again retaking the $1.53 level as US jobless claims and housing starts failed to meet consensus expectations.
The euro also recovered some of its poise against the US currency, having fallen to a six-week low yesterday.
Given that inflation concerns are not at the forefront in the Eurozone, we may well see a weaker euro in the coming days if speculation that the ECB will embark on negative rates builds.
Update by David Madden, Market Analyst,
16-May-13
[4:49pm] An interesting trading video which takes a look at the current macro economic data:
Update by Hannah Slowther,
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary
A spreads account will also let you access the shorter-term daily prices. Note that accounts are subject to suitability, credit and status checks.
If you apply for an account and your application is approved, then when you log in, you will be able to access the live charts/prices. Usually, these are provided for free, however, you're likely to receive the odd boring sales call and/or newsletter from the spread betting firm.
Of course, if you decide to trade then, before starting, you should note that financial spread betting and contracts for difference involve a high degree of risk and can result in you losing more than your initial deposit.
Professional Level Forex Charts
Although charting software and packages tend to differ between platforms, to help you with your forex analysis, they often come with:
A wide range of time intervals such as 1 minute, 2 minute, 5 minute, 30 minute, 1 hour and 4 hour intervals
Different display styles such as candlestick charts and bar charts
Drawing options and features such as Trendlines, Fibonacci Fans, Time Zones and Arcs
Technical indicators and chart overlays such as Bollinger Bands, Moving Averages, MACD, RSI, TSI and so on
The charts provided by Financial Spreads also come with more advanced aspects:
Back Testing and Optimisation tools
Automatic email notifications for when the markets hit a given price
Example forex chart on the Financial Spreads platform
The following spread betting brokers provide account holders with access to real-time trading charts and prices:
Speculating always comes with a certain degree of risk, however, if you want a free Demo Account that lets you try out financial spread betting, then see Free Demo Account below.
Also, remember that in the UK, financial spread betting is tax free* i.e. it is free of income tax, capital gains tax and stamp duty.
If you're looking for a free forex platform, keep in mind that investors can trade forex markets and pay no brokers' fees or commissions through these platforms:
If you want a Test Account where you can use virtual money and get a feel for forex spread betting, and trading markets like EUR/GBP, EUR/USD and GBP/USD, then take a closer look at:
The above firms currently provide a Demo Account which investors can use to practice trading, analyse charts and try out new trading theories.
How to Spread Bet on Forex
As with many global markets, it is possible to spread bet on foreign exchange markets to rise or fall.
If you log in to Financial Spreads, you can see that they are pricing the EUR/USD Rolling Daily market at $1.29448 - $1.29458. This means you can spread bet on the EUR/USD pair:
Increasing higher than $1.29458, or Decreasing lower than $1.29448
When spread betting on EUR/USD, you trade in £x per point, where a point is $0.00010 of the pairs movement. Therefore, if you invest £3 per point and EUR/USD moves 31.0 points then that would alter your bottom line by £93. £3 per point x $0.00310 = £3 per point x 31.0 points = £93.
Rolling Daily Foreign Exchange Markets
With forex spread betting, most traders opt for 'Daily' markets rather than futures markets. In this example we are looking at a Rolling Daily Market.
It is important to note that a Rolling Daily spread bet does not have a closing date. If you decide to leave your trade open at the end of the day, it just rolls over to the next day.
If your trade is rolled over, you'll often be charged a small overnight financing fee. To learn more, please read Rolling Daily Spread Betting.
EUR/USD Rolling Daily - FX Trading Example
If we take the spread of $1.29448 - $1.29458 and assume that:
You have done your analysis of the currency markets, and
You think that the EUR/USD market will rise higher than $1.29458
Then you might decide to buy a spread bet at $1.29458 for a stake of £2 per point.
So, you make a profit of £2 for every point ($0.00010) that the EUR/USD rate pushes above $1.29458. Nevertheless, such a bet also means that you will make a loss of £2 for every point that the EUR/USD market drops lower than $1.29458.
Thinking of this in a slightly different way, should you buy a spread bet, your profit/loss is found by taking the difference between the closing price of the market and the opening price you bought the spread at. You then multiply that difference in price by your stake.
Therefore, if after a few hours the foreign exchange rate started to increase, you might think about closing your trade. This would lock in your profits.
Taking this a step further, if the market did go up then the spread, set by the spread betting firm, might be adjusted to $1.30170 - $1.30180. In order to close your spread bet you would sell at $1.30170. As a result, with the same £2 stake your profit would be calculated as:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = ($1.30170 - $1.29458) x £2 per point stake
Profits (or losses) = $0.00712 x £2 per point stake
Profits (or losses) = 71.2 points x £2 per point stake
Profits (or losses) = £142.40 profit
Trading the forex markets is not easy. In this case, you had bet that the EUR/USD market would go up. Of course, it can also go down.
If the EUR/USD rate had fallen then you might decide to close your trade in order to restrict your losses.
So, if the market fell to $1.28830 - $1.28840, you would settle your spread bet by selling at $1.28830. If so, this would result in a loss of:
Profits (or losses) = (Closing Price - Opening Price) x stake
Profits (or losses) = ($1.28830 - $1.29458) x £2 per point stake
Profits (or losses) = -$0.00628 x £2 per point stake
Profits (or losses) = -62.8 points x £2 per point stake
Profits (or losses) = -£125.60 loss
Note - EUR/USD Rolling Daily FX market correct as of 25-Sep-12.
Where Can I Find a Forex Trading Platform/Software?
Some spread betting companies provide users with trading platforms/software that you have to download and install on your computer. However, most companies provide web-based platforms that don't require any installation, you just need internet access.
The companies listed above in the prices and charts section all offer web-based platforms where you can spread bet on forex markets.
Below we have listed guides to a wide range of forex markets. Nearly all of the markets have real-time prices and charts. The most popular markets also have regular market updates and analysis.
Each guide has a worked trading example and answers popular questions such as:
Where can I spread bet?
Where can I get live prices / charts?
Where can I trade commission free?
Where can I practice trading?
Etc.
Users should take extra care with the exotic markets, whilst all financial spread betting is a high risk, the exotic markets:
Are less popular and so the ‘spreads’ on these markets tends to be wider i.e. the market has to move further, than a highly traded market, before you can close out your trade for a profit
Can be more volatile and more likely to ‘slip’ or ‘gap’ than a major like EUR/USD or GBP/USD.
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Forex Spread Betting' by DB, updated 17-May-13
For related pages also see:
Forex Spread Betting, updated 17-May-13
Forex spread betting guide with live prices and charts. Plus a daily forex market review, forex spread betting comparison, where to trade forex commission-free and tax-free* as well as...read article: Forex Spread Betting.
Forex Trading, updated 16-May-13
Compare Forex spreads. Compare EUR / GBP / USD / YEN spreads. The latest forex trading news, where to find free Forex charts and...read article: Forex Trading.
Forex Spread Betting Guides, updated 26-Apr-13
Over 40 individual forex spread betting guides for EUR/USD, EUR/GBP, USD/JPY, GBP/USD etc. Each guide looks at live prices and charts, a trading example, where to spread bet on the market and...read article: Forex Spread Betting Guides.
GBP/USD Spread Betting, updated 17-May-13
GBP/USD spread betting guide with live GBP/USD prices and charts. Plus GBP/USD spread betting price comparison, how and where to trade GBP/USD commission-free and tax-free* as well as...read article: GBP/USD Spread Betting.
USD/JPY Spread Betting, updated 17-May-13
USD/JPY spread betting guide with live USD/JPY prices and charts. Plus USD/JPY spread betting price comparison, how and where to trade USD/JPY commission-free and tax-free* as well as...read article: USD/JPY Spread Betting.
EUR/USD Spread Betting, updated 17-May-13
EUR/USD spread betting guide with live EUR/USD prices and charts. Plus EUR/USD spread betting price comparison, how and where to trade EUR/USD commission-free and tax-free* as well as...read article: EUR/USD Spread Betting.
EUR/GBP Spread Betting, updated 17-May-13
EUR/GBP spread betting guide with live EUR/GBP prices and charts. Plus EUR/GBP spread betting price comparison, how and where to trade EUR/GBP commission-free and tax-free* as well as...read article: EUR/GBP Spread Betting.
AUD/USD Spread Betting, updated 17-May-13
AUD/USD spread betting guide - live AUD/USD prices and charts, a look at spread betting on AUD/USD commission-free and tax-free* as well as...read article: AUD/USD Spread Betting.
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more! All Free - Click here!
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.
Increasing higher than $1.29458, or
Decreasing lower than $1.29448