Ok, I’m confused.
Here’s a quote from the school, Pips and Pippettes lesson:
"If EUR/USD moves from 1.2250 to 1.2251, that 0.0001 USD [I]rise in value[/I] is one pip.
The bit I am not getting is in italics, surely this is not a rise in value of the USD as this change means I get an extra 0.0001 USD for my EUR? Doesn’t this mean a [I]decrease[/I] in the value of the USD against the EUR?