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 | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14:30 | US | USD | EIA Crude Oil Stocks Change | LOW | 17.422 | ||||||||
| 14:30 | US | USD | EIA Distillate Stocks Change | LOW | -0.01 | ||||||||
| 14:30 | US | USD | EIA Gasoline Stocks Change | LOW | -0.968 | ||||||||
| 14:30 | US | USD | EIA Heating Oil Stocks Change | LOW | 0.192 | ||||||||
| 15:00 | CO | COP | Trade Balance | LOW | -1222.7 | ||||||||
| 16:00 | RU | RUB | Producer Price Index (MoM) | LOW | -0.1 | ||||||||
| 16:00 | RU | RUB | Producer Price Index (YoY) | LOW | 10.5 | ||||||||
| 17:00 | US | USD | 20-Year Bond Auction | LOW | 5.163 | ||||||||
| 18:00 | US | USD | FOMC Minutes | HIGH | |||||||||
| 22:00 | HU | HUF | Saint Stephen's Day | NONE | |||||||||
| 23:50 | JP | JPY | Adjusted Merchandise Trade Balance | MEDIUM | -881.9 | ||||||||
| 23:50 | JP | JPY | Exports (YoY) | MEDIUM | 19.3 | 19.9 | |||||||
| 23:50 | JP | JPY | Foreign Bond Investment | LOW | 1629.4 | ||||||||
| 23:50 | JP | JPY | Foreign Investment in Japan Stocks | LOW | -368.5 | ||||||||
| 23:50 | JP | JPY | Imports (YoY) | MEDIUM | 25.4 | 26.5 | |||||||
| 23:50 | JP | JPY | Merchandise Trade Balance Total | MEDIUM | -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.
