Trade GBP/USD - GBP CFD
$1.33222
-0.01% (0.00)
GBP Price Chart
Chart data is currently unavailable.
*Past performance is not an indication of future results
High: 1.33353
Low: 1.32967
Trader sentiment:
Sellers: 44.0%
Buyers: 56.0%
Market trading hours
Open now
Sun 22:05 - Fri 21:00
What is GBP/USD?
GBP/USD, nicknamed "cable," is the exchange rate between the British pound and the US dollar and is among the more volatile major currency pairs because of the UK's distinct monetary-policy path and its sensitivity to domestic political events. Price moves are driven by Bank of England interest-rate decisions, UK inflation and wage data, and broader dollar strength tied to Fed policy and global risk sentiment. GBP/USD is unusually exposed to UK-specific political risk, which can trigger sharp single-day swings.
Trading Conditions
- Minimal Spread
- 0.00015
- Typical Spread
- 0.0002
- Overnight funding swap buy
- -0.00553%
- Minimum trade size / value
- 750 Units
- Commission
- 0%
- Max Leverage (1/margin%)
- 1:400
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Frequently asked questions
What are GBP/USD trading hours?
GBP/USD trades 24 hours a day on weekdays across global forex sessions, with the highest liquidity during the London and New York overlap.
Is GBP/USD volatile?
GBP/USD can be volatile, particularly around Bank of England policy decisions and UK-specific political or fiscal developments.
What advantages does iFOREX offer for GBP/USD trading?
iFOREX offers real-time pricing and access to GBP/USD alongside other major currency pairs from one account.
What is GBP/USD?
GBP/USD is the exchange rate between the British Pound and the US Dollar, one of the oldest and most actively traded currency pairs.
How do you trade GBP/USD?
GBP/USD is typically traded via CFDs that track the exchange rate, allowing traders to speculate on price direction without exchanging physical currency.
What is the best time to trade GBP/USD?
Liquidity is highest during the London and New York session overlap, and around Bank of England or Federal Reserve policy announcements.
What factors influence GBP/USD's price?
Bank of England policy, UK inflation and wage data, and broader US dollar strength driven by Federal Reserve policy are among the biggest drivers of GBP/USD.
How do UK political events affect GBP/USD?
UK-specific political events, including fiscal policy announcements and general elections, have historically triggered some of the sharpest single-day moves in GBP/USD.
Is GBP/USD suitable for short-term trading strategies?
GBP/USD’s sensitivity to UK political and economic headlines has historically created short-term trading opportunities for active traders.
How does US monetary policy affect GBP/USD?
Federal Reserve interest-rate decisions and broader dollar strength directly influence GBP/USD, since the pair reflects relative dollar and pound strength.
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