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.
CFD PROVIDER |
ASSET INDEX |
PLATFORMS |
ACCOUNT INFO |
OPEN ACCOUNT |
DUKASCOPY Part of Dukascopy Swiss Group Regulated: MiFID, FCMC
■ ECN TRADING: YES (SWFX MARKET) |
SPREADS: GBP/USD: 0.4 pip plus trade commissions $3.5 full-traded /lot
60+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Gold, Silver, Crude Oil, and many shares from Germany |
■ Jforex Platform ■ WebTrader ■ JavaTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES |
$100 Minimum Deposit Amount
WELCOME BONUS: 10% un a policy LEVERAGE: 1:300 |
Open an account via the below rebate link and get 30% discount on all commissions paid for the 1st month (automatic link): AUTOMATIC REBATE LINK: ► Dukascopy Europe 30% Discount on all commissions
|
XM Regulated: CySEC, FCA (UK), ASIC
■ ECN TRADING: NO |
SPREADS: GBP/USD: 2.0 pip
50+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Metals, Energy, Soft Commodities |
■ WebTrader ■ MetaTrader-4 ■ MetaTrader-5 ■ Mobile Traders
PAMM ACCOUNTS: NO AUTOMATED TRADING: YES SCALPING: YES |
$5 minimum deposit
(+) and more
LEVERAGE: 1:30 |
You can get a rebate from XM up to $6.0 per lot:
WEBSITE: ► XM Web
REVIEW: |
FXCC Regulated: CySEC, MiFID, FCA (UK)
■ ECN TRADING: YES |
SPREADS: GBP/USD: 1.5 pip
30+ FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs -Indices, Metals, Energy |
■ MetaTrader4 ■ Sirix WebTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES |
$100 Minimum Deposit Amount
*You can withdraw your profits only via Bank Wire
BONUS: 30-100% LEVERAGE: 1:300 |
WEBSITE: ► FXCC Web
REVIEW: |
HOTFOREX
Regulated: CySEC, MiFID, registered with FCA (UK)
■ ECN TRADING: YES (CURRENEX) |
SPREADS: GBP/USD: 1.6 pip
43 FOREX PAIRS ·Major Pairs ·Forex Crosses ·Exotic Pairs
-Indices, Shares, Metals, Energy, Soft Commodities |
■ MetaTrader4 ■ WebTrader ■ Mobile Traders
PAMM ACCOUNTS: YES AUTOMATED TRADING: YES SCALPING: YES Free VPS Server for deposits of more than $5,000 |
$5 Minimum Deposit Amount (prefer to open a CurreneX account with minimum deposit $500, better conditions)
(+) and more
WELCOME BONUS: 40-100% LEVERAGE: 1:1,000 |
You can get a rebate from XM up to $6.4 per lot:
WEBSITE:
REVIEW: |
PAIRS: EUR/USD | USD/JPY | USD/CHF | EUR/GBP
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■ GBPUSD
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