This is one point on the scale of price changes in your terminal. Do not confuse pips with ticks (see). Each tool has its own tick. If, say, the tick is 10 and the price of the tool changed from 1.75 to 1.85, it increased by one tick and, respectively, at 10 pips. Pips can be compared with millimeters on the ruler, whereas ticks with centimeters.