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.
Bank of England (BoE) monetary policy could be set to diverge further from that of its US counterpart after recent disappointing inflation data, which has already seen the Pound US Dollar rate slump. Below-forecast average weekly earnings figures for ... More »
GBP/USD: Neutral: Still in a range, likely within 1.2350/1.2600. We have maintained a neutral GBP stance since the start of the month and the subsequent price action has been in line with our expectation. Trading has been choppy and directionless and ... More »
The GBPUSD traders have a phobia of trading below the 200 bar MA on the 4-hour chart. Since Feb 7th, the price has moved below that MA during 7 separate hourly bars and each time, the sellers covered. There have been no closes (0) below that MA line.and more » More »
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