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 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 »
The pound rose to highs of $1.2336 against the US dollar following the Prime Minister's speech, however later dipped back below £1.23. The FTSE 100 has fallen over 0.6 per cent in response, briefly dropping below the 7,200 points level before bouncing ...and more » More »
On Monday, if you recall, the GBPUSD fell on weekend reports of hard Brexit in her speech on Tueday. That came to fruition but a combination of sell the rumor, buy the fact, AND some favorable technical breaks (and short covering and dollar weakness ... More »
Tell your friends about us:
Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors. You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. ForexBrokersAZ.com does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act 2000.