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What does GBX mean when buying stocks on the London Stock Exchange?

Answer

Many stocks traded on the London Stock Exchange trade against GBX (penny sterling). This currency is automatically converted back to GBP (pound sterling). In your account statement it will also show the conversion for the amount in GBX where 1 GBX = 0.01 GBP.

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DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates. DEGIRO is investing globally for everyone. Previously, investing was often limited to stock exchanges in Europe or the United States. Through one platform, all DEGIRO investors gain access to products and markets worldwide. This means that private investors can spread their investments much better. DEGIRO fits perfectly with the investor who manages his business online. For us, customers do not pay for the salary of unnecessary staff. DEGIRO takes away the last difference between professional and private investors; the fees. Essential for the return of private investors.

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