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 British pound has posted slight losses in the Friday session. Currently, GBP/USD is trading at 1.2280. On the release front, British Retail Sales declined 1.9%, well below the forecast of -0.1%. In the US, FOMC member Patrick Harker will deliver a ... More »
As a result we believe GBP/USD will continue to trade in a broader range and we stick to our end-March forecast of 1.21. In terms of data next week the focus will be on the release of Q4 GDP, which is unlikely to have any lasting currency impact, this ...and more » More »
The British pound is up slightly in the Thursday session. Currently, GBP/USD is trading just above the 1.23 level. On the release front, there was positive news out of the US as manufacturing and employment reports easily beat expectations. Building ...and more » More »
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