All Currencies are always quoted in pairs, such as EUR/USD or USD/JPY etc.

The first listed currency is known as the Base currency and second is called the Counter or Quote currency.

The Base currency is the "basis" for Buy or Sell actions.

BUY EUR/USD: you have bought Euros and simultaneously sold Dollars. You would do so in expectation that Euro will appreciate (go up) in relative to US dollar. 

GBP/USD : this currency pair represents the British Pound as the base currency and the basis for the Buy/Sell actions. 

For example if you find that UK economy is strong and US Dollar might weaken against the Sterling you would then execute a BUY GBP/USD order.

In this case you bought British Pounds expecting that they will appreciate versus US Dollar.

If on the other hand you feel that UK economy will continue to weaken and this might hurt the British Pound you would then execute a SELL GBP/USD order.

In this case you sold British Pounds expecting that they will depreciate versus US Dollar.

Currency Abbreviations

The SerSart Capital Trading Platform Quotes the Following Pairs: