What is a PIP?

Description
Watch Lee explain what a PIP is and how they're used to measure price differences between currencies.
Test your knowledge

What Is A PIP?

1 / 5

How many numbers after the decimal point do we use on pairs that don't involve JPY?

2 / 5

How many numbers after the decimal point do we use on pairs that involve JPY?

3 / 5

If the market moves on GBP/USD from 1.2550 to 1.2585, how many PIPs has it moved?

4 / 5

If the market moves on USD/JPY from 135.45 to 134.96, how many PIPs has it moved?

5 / 5

Does the PIP size differ if you're selling, not buying, in the market?

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