Question
Using the Internet or another source of public information, determine and list the typical bid/ask spread of the U.S. dollar / British pound (USD/GBP) exchange
Using the Internet or another source of public information, determine and list the typical bid/ask spread of the U.S. dollar / British pound (USD/GBP) exchange rate (i.e., the pound quoted in USD). (Please find links and post in answer)
Given the closing price of this exchange rate on 4/2/21, what was the size of this bid/ask spread in percentage terms?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
