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British Pound/US Dollar (GBP/USD)
Written by Aboutcurrency
THE GBP/USD rate is composed of the British Pound "base currency" and the US Dollar "quote currency".
The British Pound/US Dollar (GBP/USD) currency exchange rate reflects the relation of the British Pound trading against the US Dollar (1 GBP per x USD). For instance, If the GBP/USD quotes at 1.3000, then 10,000 British Pounds would equal 15,000 dollars (because 10,000 x 1.3 = 13,000). This simply means that 1 pound buys you 1.3 US dollars.
Trading Characteristics Of The GBP/USD
- One of the most traded currency pairs on the spot market (14%).
- Typical forex broker spread: 2-4 pips
- Most active trading sessions: London and New York
- 5 Year Average Daily Range: 146 pips
- Who trades the British Pound vs US Dollar? Central banks, financial institutions, retail traders,...
GBP/USD Forex Trading Tips:
- Recommended level of forex experience: Advanced
- Best trading sessions for daytraders: London and New York
- Worst times to trade: Holidays and before major economic news events
- Most common used GBP/USD forex charts: Daily, 4 Hour and 1 Hour
- Best forex brokers to trade GBP/USD: Click here >>>
- Forex trading strategies to trade Pound Dollar: Click here >>>
- Best forex trading system to trade Pound Dollar: Click here >>>
British Pound /US Dollar Historical Chart
Top 5 Economic Events That Move GBP/USD
FOMC Rate Decision + Press Conference
BOE Rate Decision + Press Conference
US Employment (Non Farm Payrolls)
Bank of England Meeting Minutes
Gross Domestic Product (GDP)
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