GBPUSD

British Pound vs US Dollar

GBPUSD

Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.

Trading Conditions

ATP Margin

0.002

Contract Size Currency per 1 Lot Symbol

GBP 100,000

Min/Max Trade Size (lots)

0.01 / 100

Schedule and Fees

Market Open

Monday 00:01 MT Server

Market Closed

Friday 23:58 MT Server

Trading Break

23:59 - 00:01 MT Server

3 Day Financing

Wednesday

Long & Short Position Overnight Fee

displayed on the trading platform

Upcoming Calendar Events

August 19 | Wednesday VolatilityActualPreviousConsensus
14:30
US flag

US

USDEIA Crude Oil Stocks ChangeLOW17.422
14:30
US flag

US

USDEIA Distillate Stocks ChangeLOW-0.01
14:30
US flag

US

USDEIA Gasoline Stocks ChangeLOW-0.968
14:30
US flag

US

USDEIA Heating Oil Stocks ChangeLOW0.192
15:00
CO flag

CO

COPTrade BalanceLOW-1222.7
16:00
RU flag

RU

RUBProducer Price Index (MoM)LOW-0.1
16:00
RU flag

RU

RUBProducer Price Index (YoY)LOW10.5
17:00
US flag

US

USD20-Year Bond AuctionLOW5.163
18:00
US flag

US

USDFOMC MinutesHIGH
22:00
HU flag

HU

HUFSaint Stephen's DayNONE
23:50
JP flag

JP

JPYAdjusted Merchandise Trade BalanceMEDIUM-881.9
23:50
JP flag

JP

JPYExports (YoY)MEDIUM19.319.9
23:50
JP flag

JP

JPYForeign Bond InvestmentLOW1629.4
23:50
JP flag

JP

JPYForeign Investment in Japan StocksLOW-368.5
23:50
JP flag

JP

JPYImports (YoY)MEDIUM25.426.5
23:50
JP flag

JP

JPYMerchandise Trade Balance TotalMEDIUM-406.9-680

FAQ

The GBP/USD currency pair reflects the exchange rate between the British pound and the US dollar, or the number of dollars (the quote currency) required to acquire one pound (the base currency). GBP/USD is the third-largest trading pair in terms of daily volume, consisting of the first and fourth most actively traded main reserve currencies, USD and GBP, respectively. GBP/USD is one of the earliest currency pairs traded and is also known as "Cable" in reference to the transatlantic cable used to transmit exchange rates between the two countries.

The British pound (also known as the pound sterling) is the oldest currency in use today. It is the official currency of the United Kingdom and several British Overseas Territories. After World War II, the US dollar supplanted the British pound as the primary reserve currency, a position it held for centuries. This shift in the global economy was largely due to the economic dominance of the United States and the establishment of the Bretton Woods system. However, despite losing its status as the primary reserve currency, the British pound remains an important currency in international trade and finance. 

The US dollar is the most widely transacted currency in the world, held by most central banks and investment institutions. It also acts as legal tender in a few countries, including Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Timor-Leste, and Zimbabwe. Moreover, the dollar's dominance in international trade has significant implications for exchange rates and economic policies around the globe, and it can serve as a benchmark for nations that choose to link or peg their currencies to the dollar's value.

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