Its entry into the UK local currency arena was marked by the LLP becoming the first (bitcoinist.com)
This means we are buying the first currency in the pair and selling the second. (learntotradethemarket.com)
Well, in the Forex market when you sell a currency pair you are actually buying the quote currency (the second currency in the pair) and selling the base currency (the first currency in the pair). (learntotradethemarket.com)