Help on the British Pound (BP)

British Pound Futures are traded on the Chicago Mercantile Exchange. The price of the British Pound is quoted in cents per British Pound. The standard contract size is 62,500 British Pounds. The minimum trading increment is 0.01 cents/British Pound.

British Pound prices are read as follows:

A price of 165.94 would be read as 165.94 cents per British Pound..

A move from 165.94 to 166.94 would be a difference of $625.00 excluding commissions and fees. The minimum change is 0.01 point or $6.25

Formula: $1.6694 8 - $1.6594 = $0.0100 *62,500 = $625.00

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