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)

You Might Also Like:

INTERESTING FOREX SITES
Free Forex Strategies & Systems A collection of forex systems, indicators and strategies. 100% Free Download.
Download Free Forex Strategies and Top Rated Metatrader 4/5 Indicators Download top rated forex strategies and best MT4/MT5 forex indicators.
Get Forex Analyzer PRO Forex System Start trading with one of the best fx systems for profitable forex trading!

Back to currency pairs

Find Us On Facebook

Best Forex Trading Software

Pips Scalper PRO Trading System

Forex ANDREA Trend Reversal System

Profit Insider PRO Trading System

Any articles, systems, strategies, reviews, ratings, news, research, analyses, prices or other information contained on this website, by Aboutcurrency.com, its partners or contributors, is provided as general market commentary and does not constitute investment advice. Aboutcurrency.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

By using this site, you agree to the Terms of Use and Privacy Policy .

Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.