Compare Forex brokers and trading sites with tight GBP/USD spreads helping you make the most from volatile market conditions:
The British pound goes under many different names: the Pound, the Pound Sterling or GBP.
The United Kingdom is the world’s largest foreign exchange centre with 36.7% of volumes according to the 2010 survey by the Bank for International Settlements (BIS). This underscores London's role as a magnet for financial, institutional and retail Forex investors. However, the Pound is only the fourth largest currency by trading volumes behind the US dollar, the Euro and the Japanese yen.
The GBP/USD currency pair is known as "Cable", a reference to the time when bid ask quotes were broadcast between London and New York over trans-Atlantic underwater cables. Cable is prone to sharp price fluctuations despite its relatively large share of global FX trades. This creates opportunities to earn significant amounts of money in a short span of time if you're on the right side of the market. Exchange rate volatility is one of the reasons why Forex brokers typically quote wider spreads across this currency pair.
Compare GBP/USD spreads and leverage with our interactive chart, or find an account that matches your experience and preferences with our broker search tool.
Standard Chartered have emphasised that the GBP-USD rally over the past week does not diminish their bearishness noting that higher-than-expected UK CPI inflation and an incrementally less dovish Bank of England in the context of stretched short GBP ... More »
GBP/USD has climbed above the 1.25 level on Thursday, as the pair has hit 4-week highs. In the North American session, the pair is trading at 1.2520. On the release front, British Retail Sales posted a strong gain of 1.4%, crushing the estimate of 0.4%. More »
"The GBP has been trading well recently, boosted by much stronger inflation earlier in the week. As such, a significant upside surprise in retail sales should see GBPUSD extend to its range highs," says analyst Robin Wilkin at Lloyds Bank's Commercial ... More »
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