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".

GBPUSD

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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