GBP/USD

GBPUSD is charcterized by tight spreads, high volatility, large swings, and correlation to EURUSD

■ Forex Pair: The British Pound Sterling (GBP) against the United States dollar (USD)

■ Forex Slang: CABLE

■ Central Banks: BoE (» visit) against the FED (» visit)

■ Currency Reserves: $164 billion (UK) against $121 billion (US)

■ Population: 63.7 million (UK) against 319 million (US)

■ GDP: $2,760 billion (UK) against $18,600 billion (US)

■ DEBT/GDP: 89% (UK) against 107.5% (US)

■ Current Account: -$123.5 billion (UK) against -$484 billion (US)

GBP/USD is one of the most heavily traded Forex pairs in the market. The United Kingdom is a leading financial center worldwide and a very important player in the Forex market. On the other hand, the US Dollar is the most traded currency in the world, involved in about 85% of all currency transactions.

GBP/USD is a relatively high-volatile pair characterized by very fast and very strong swings of 2,000 pips, or even more.

These are some key facts about GBPUSD:

-The British pound is involved in about 13% of all currency transactions

-The US Dollar is involved in about 85% of all currency transactions

-GBP/USD is highly correlated to EUR/USD (positive correlation between +0.8 and +0.9)

-Both currencies (GBP, USD) are commonly used as Reserve Currencies by global central banks

-GBPUSD is one of the top choices of day traders and scalpers 

Compare the GBP/USD Trading Conditions

These are some regulated CFD providers offering Forex trading, all brokers provide segregated client bank accounts and have been in the market for a period of at least 5 years.

PAIRS: EUR/USD | USD/JPY | USD/CHF | EUR/GBP

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■ GBPUSD

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