British Pound
Futures Quotes
The CME British pound futures contract
is a contract for future physical delivery of 62,500 British pounds; however, the vast majority of the futures positions are
offset well before delivery. The CME British pound futures contract is priced in dollars and cents per British pound.
Example of Futures Quote:
1.4093 means $1.4093 per British
pound
$1.4093 X 62,500 = $88,081.25 (value
of 1 contract at that price)
British Pound Options Quotes
The CME British pound options contract control 62,500
British pounds based on the underlying futures contract. Strike prices are listed up and down from “at the money”
at .01 increments.
Example of Option Quote:
0.08 means $0.08 and
$0.08 X 62,500 = $5,000.00 (price of option)
