CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance or future forecasts does not constitute a reliable indicator of future performance.
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ABOUT INSTRUMENT

Invest in GBP/USD CFD

Instrument which price is based on quotations of British Pound to American Dollar on the interbank market.

The GBP/USD Forex pair, also known as the Cable , is a major currency pair and one of the most traded in the world.

It represents the exchange rate between the British Pound and the US Dollar and is affected by a variety of factors, including economic indicators, political events, and global events such as natural disasters and geopolitical tensions.

Investors can trade this pair, as well as other currencies, through any forex broker.

Forex trading involves speculating on the movement of exchange prices by buying one currency while simultaneously selling another. The forex market is the largest market in the world, with an average daily turnover in excess of $6 trillion. The value of the GBP/USD pair is affected by economic indicators such as inflation, interest rates, and GDP growth, as well as political events such as elections and trade negotiations. For instance, if the Bank of England raises interest rates, the demand for the Pound can increase, leading to an increase in the value of the GBP/USD pair.

Trading GBP/USD as a CFD allows traders to speculate on the price movements of the currency pair without owning the underlying assets. CFDs offer flexibility in trading, with the ability to go long or short on the currency pair.

XTB offers CFDs for the GBP/USD forex pair. Learn more here.

While investing in the GBP/USD forex pair can offer opportunities for traders to profit from exchange rate fluctuations, it is important to note that it can also be risky as currency prices are constantly changing and can be affected by unexpected events. Therefore, it is recommended that traders do their own research, develop a trading plan, and use risk management techniques such as stop-loss orders to minimise potential losses. The GBP/USD market is generally busy between 06:00 and 16:00 GMT.

Minimal spread
0.00009
Margin
3.33%
Leverage
1:30
Commission
-
Market hours
24h from Sunday 11:00 pm to Friday 10:00 pm

Interesting facts

Origins of GBP/USD: GBP/USD refers to the Forex currency pair consisting of the Great British pound and the US dollar. The value of this pair indicates how many dollars are required to buy a single pound. As of today's date, it is one of the most traded currency pairs in the Forex market.

Nicknamed “Cable”: GBP/USD is often called 'Cable'. This interesting nickname originates from the 19th century when a submarine cable under the Atlantic Ocean was used to transmit the exchange rate for this pair.

Historical Value: GBP/USD is one of the oldest FX pairs, first quoted in the year 1866. This fact underlines the long-lasting and significant role this pair has played in the global financial markets.

GBP – The Old-Timer: Sterling, which represents GBP in the pair, is the world's oldest currency that is still in use and has been in continuous use since its inception. This adds an interesting historical aspect to the GBP/USD pair.

Dominant Global Position: Sterling is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. This means the GBP/USD pair involves two of the most globally dominant currencies.

Correlation to EUR/USD: GBP/USD often trades with a positive correlation to EUR/USD. This means when the value of EUR/USD increases or decreases, the value of GBP/USD often follows the same direction.

Popularity Among Traders: Despite being the third most traded currency pair, GBP/USD has unique characteristics that might present challenges for certain trading systems. Nevertheless, it remains a popular choice for many traders across the globe.

Regulated by the Bank of England: The Bank of England is the central bank for Sterling (GBP), regulating issuance of banknotes. This role in regulation offers a certain level of trust and credibility to the GBP side of the GBP/USD pair.

Major Influence on Global Reserves: As of late 2022, Sterling is also the fourth most-held reserve currency in global reserves. This prominence influences the trading dynamics of the GBP/USD pair.

Economic Indicators' Impact: Economic indicators such as PMI surveys significantly influence the value of the GBP/USD pair. For instance, shifts in these indicators can lead to the pair losing or gaining traction in the market.

 

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Latest news

Keep your finger on the pulse with our latest news

BREAKING: Mixed reaction on GBP after UK...

16 April 2024

GBPUSD drops to 4-month lows

12 April 2024

BoE Mann says too many rate cuts priced in

26 March 2024
See more news
GET ACCESS

How to trade GBP/USD with XTB?

1. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

2. Make a deposit

Choose a deposit method convenient for you from a range of available ones, including instant and free payments.

3. Start investing

Choose from 20+ CFD commodities and 5600+ other instruments.

1. Download the app

Visit your mobile store and download our app completely for free

2. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

3. Make a deposit and start investing

Choose a deposit method convenient for you from a range of available ones, including instant and free payments

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Why invest at XTB?

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FAQ

Do you have any questions?

GBP/USD forex investment involves buying and selling the British Pound and the US Dollar currency pair with the aim of making a profit by speculating on the direction the exchange rates will go in the future.

 

The GBP/USD forex investment is influenced by various factors, including political events, economic data, interest rates, and market sentiment. These factors can affect the demand and supply of the currencies, leading to changes in their exchange rates.

 

To start trading GBP/USD forex investment, you need to create an account with a regulated forex broker, deposit funds, and select the GBP/USD currency pair. You can then use various trading strategies, such as technical analysis, fundamental analysis, or a combination of both, to make trading decisions. Learn how to place your first stock trade with XTB.

 

GBP/USD forex investment carries a significant amount of risk due to the volatility of the currency markets. The risks include market volatility, leverage, geopolitical events, and economic data releases. It is important to understand these risks and use risk management strategies, such as stop-loss orders, to minimise losses.

 

You can monitor your GBP/USD forex investment by using trading platforms, which give you access to real-time prices, charts, news, and analysis. You can also set up price alerts and notifications to stay informed about market movements. 

XTB offers near real-time GBP/USD movement tracking via our xStation platform.

 

The best strategies for successful GBP/USD forex investment include having a trading plan, using risk management strategies, keeping up-to-date with market news and analysis, and using a combination of technical and fundamental analysis. It is also important to have realistic expectations and not to over-trade or take unnecessary risks.



 

It is best to preced trading in FOREX with proper education - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

There is no recipe for succes in the FOREX market. However, there are some aspects that will help you become a better trader. Here are some tips: start with demo account (before risking real money - get a feel for the market and practice your trading strategy), develop a trading plan (it's important to have a clear plan in place before starting trading), use risk management tools (manage your risk when trading, through eg. Stop Loss orders), do not overtrade (it's easy to get caught up in the excitement of trading, but it's important to stick to your plan and not overtrade).

Financial markets are a very complex topic, as they are influenced by various factors, such micro- and macroeconomic events, policies or social changes. You should start your trading experience with proper education about the concepts, assumptions and laws that govern the markets - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

Yes, FOREX investing can be risky. The value of currencies can fluctuate significantly due to a variety of factors, including economic conditions, political events and market speculation. It is important for individuals to carefully consider their own financial situation and risk tolerance before investing in FOREX.

When choosing a broker, you should consider a number of aspects related to its activity and offer. These things you should definitely consider: credibility of the invesment firm, cost and fees, instruments offered, investment platform, customer support and additional benefits. If you want to learn more about how to choose your broker visit: investresponsibly.com.

When choosing a FOREX platform there are several factors you should consider: platform ownership (proprietary platform are usually designed in the most intuitive way), availability of DEMO account (where you can test your knowledge practice strategies before risking real money), fees (commissions, spreads etc.), access to educational materials and market news. Before commiting to one platform you should carefully consider all above-mentioned aspects, as they will particulary contribute to the effectiveness of your trading.
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