GBP/USD Forex Trading

GBP/USD is one of the world's oldest currency pairs, and is also one of the more volatile major FX pairs, so a popular choice with global traders. You can start trading Cable too with FXOpen EU today.
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GBP/USD live charts

Our GBP/USD live charts contain all the insight you need to make informed, up-to-date trading decisions. From historic trend data to the latest price movements, build your strategy based on the best information available. You can view our GBP/USD chart on desktop or mobile. So, you can always see what's going on – whether you're making trades at home or while on the move.

Indicative pricing only

What is GBP/USD trading?

As a forex instrument, the Great British Pound/United States Dollar pair brings together two of the world's oldest – and foremost – currencies. The pair is often called "Cable" because the latest exchange rates were originally sent back and forth between London and New York via an underwater cable. Times and methods may have changed, but this pair's significance has not.

GBP/USD is based on the value of the British Pound (GBP) against the US Dollar (USD). As two of the leading global economies, GBP/USD forex trading can often be exposed to a broad range of price drivers – not least events in Britain and the US. GBP/USD is a pair that promises a healthy amount of volatility and liquidity for any trader. It's why it continues to have enduring appeal.

Key drivers of GBP/USD prices

In trading Cable, investors are taking up positions on currencies linked to two of the world's foremost economies. GBP/USD forex trading is often guided by Bank of England and US Federal Reserve decisions. That is especially relevant when it comes to interest rates in their respective nations. That said, other monetary policy announcements cannot be overlooked by traders.

The global influence of both the UK and US also means the GBP/USD price is often impacted by macro-economic trends. Unsurprisingly, the economic and political fallout of Brexit has brought extra volatility to the GBP/USD pair in recent years. And the future relationship between the UK and the European Union will continue to impact rates as it becomes more defined over time.

When should you trade GBP/USD?

By opening an account with FXOpen EU, you'll be able to trade GBP/USD whenever you want. It's your money, your choice – so take your GBP/USD forex trading position with us today.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% 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.