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 started the week by briefly dropping below the 1.20 level. In Monday's North American session, GBP/USD is trading at 1.2050. On the release front, British Rightmove HPI posted a gain of 0.4%. Later in the day, BoE Governor Mark Carney ... More »
GBP/USD gapped lower at the start of the new week and briefly fell below the 1.20 handle on reports over the weekend that PM May is expected to announce an end to Britain's participation in the single market. The Times reported Prime Minister May will ... More »
They often get filled during the week and if the price does not make new lows during the London session it will probably be bid up eventually, making a pullback the more likely short-term scenario. GBPUSD. Regarding the GBP, the Governor of the Bank of ... More »
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