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.
GBP/USD soared last week, gaining 340 points. The pair closed at 1.2373. This week's key event is Preliminary GDP. Here is an outlook for the highlights of this ... More »
The GBP/USD pair is expected to continue its recovery higher following Donald Trump's inauguration speech which was heavy on protectionism and light on infrastructure. The Pound risks strengthening if the Supreme Court decides devolved assemblies in ... More »
UK Prime Minister Theresa May's comments about how the UK will leave the EU were well-received by traders on Tuesday as she confirmed that Parliament will debate the final Brexit deal. As a result, the GBP/USD had its best day since 2008 as it surged ... More »
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