Convert GBP to HKD - British pound sterling to Hong Kong dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE GBP/HKD EXCHANGE RATE
The GBP/HKD symbol represents the currency pair that trades the Pound Sterling against the Hong Kong dollar. The GBP, or the Pound Sterling, is the official currency in use across the UK, British Overseas Territories, and a few other regions. The GBP is one of the four majors in the forex market, and is considered the oldest currency still in use in the present day. It is also considered as a reserve currency, like its peers - the US dollar and the Euro, as markets consider the British economy to be among the more stable and strong ones in the world.The second currency in this pair, the HKD or the Hong Kong dollar, is the official currency in use across Hong Kong and is also accepted in Macau. While it is not included among the majors, it is among the top 10 traded currencies in the global forex market, making the GBP/HKD an especially interesting currency pair. Hong Kong leverages a linked exchange rate system to peg its value with the US dollar, which keeps it trading between 7.75 and 7.85 against the USD.GBP/HKD is the fourth most traded currency pair featuring the HKD. With its value pegged against the US dollar, the forex pair experiences price action whenever any development affects the value of the US dollar, e.g. economic data releases from the US, geopolitical and economic developments, and even the market sentiment to some extent.
GBP to HKD CONVERSION RATES
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GBP to HKD CHARTS
GBP/HKD Live Chart
GBP/HKD Historical Chart
GBP to HKD EXCHANGE RATE - FAQ
How easy is it to trade GBP/HKD for forex traders?

Because the HKD trades within a narrow range, the GBP/HKD currency pair offers limited opportunities for forex traders to generate profits. Most HKD pairs are typically beneficial as part of carry trade strategies.

What economic events influence the exchange rate of GBP/HKD?

Owing to its peg, the HKD experiences very little movement on the release of important economic data from Hong Kong, including GDP and inflation. On the other hand, the GBP experiences considerable fluctuation on the release of economic data from Britain, such as GDP, inflation, unemployment rate, retail sales, business sentiment, trade balance and industrial production.

How does Brexit affect the value of the GBP/HKD currency pair?

Over the past few years, the value of the GBP has been heavily influenced by developments related to Brexit - sometimes to a greater extent than even economic data releases. Any positive development on the Brexit front serves to strengthen the GBP, driving this pair bullish, while any talk of no-deal Brexit sends investors away from the Pound Sterling, causing this currency pair to trade bearish.