GBP/USD Forex Trading
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.
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.