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.
The pound has dipped on Wednesday, after posting spectacular gains in the Tuesday session. Currently, GBP/USD is trading just above the 1.23 level. On the release front, British employment numbers were strong, as wage growth and unemployment claims ... More »
GBP/USD Daily Outlook Intraday bias in GBP/USD remains on the upside as rebound from 1.1986 continues. Such rise is seen as the third leg of the ...and more » More »
Sterling is subject to profit-taking in today's session following Tuesday's gain of about 3%, the largest one-day gain since at least 1998. GBP/USD breached the 1.2400 level, with a move to 1.2416 for a high, which represents a test of the corrective ... More »
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