What is 'Gracias por preguntar' when translated from Spanish to English?

"Thanks for asking!" is an English equivalent of the Spanish phrase ¡Gracias por preguntar! The phrase translates preguntar literally as "to ask" since Spanish follows the preposition por with the present infinitive, not the present progressive preguntando, which does literally mean "asking." The pronunciation will be "GRA-syas por PREY-goon-TAR" in Uruguayan Spanish.