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 GBPUSD teased with breaking above a resistance area defined by the 1.2543-485 area (see red circles). The pair is back down testing the cluster of support defined by moving averages including the 100 bar MA on the 4-hour chart at 1.2488, the 100 ...and more » More »
Given our bias for the yen and the euro, we will be consistent and assume the same for the pound as well. We would also certainly argue that from a fundamental perspective there are better grounds for the pound to perform well than the yen or the euro. More »
The recovery underway in GBP/USD accelerated during Thursday's trading, with the pair breaking solidly above the falling trendline that has defined price action ...and more » More »
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