The market bid/ask quote for $/ is $1.4397 - 1.4402. A market maker has a strong opinion

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The market bid/ask quote for $/£ is $1.4397 - 1.4402. A market maker has a strong opinion about the future direction of the pound and places his quote as "98-03". Which currency does the market maker expect to appreciate?

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Feb 03, 2024 03:49 AM

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The market bid/ask quote for $/ is $1.4397 - 1.4402. A market maker has a strong opinion

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In foreign exchange quotes the first currency listed is the base currency ... View the full answer

Smith and Roberson Business Law

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