Quotations – GBPUSD

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Past performance is not a guarantee of or prediction of future performance.

Session of Forex trading (GMT)
Pacific (Australia, Oceania)
Wellington 20:00 05:00
Sydney 22:00 07:00
Asian
Tokyo 23:00 08:00
Singapore, Hong Kong 00:00 09:00
European
Frankfurt, Paris, Zurich 07:00 16:00
London 08:00 17:00
American
New York 13:00 22:00
Chicago 14:00 23:00
Sell Low:
Spread MT4 floating
Buy High:
Start trading GBPUSD

Trading CFDs involves significant risk of loss

Market execution

MetaTrader 4
Floating spreads

Average: 1.8

Trading Conditions

MT4 Limit and Stop Level 30
Used Margin (1:100 leverage rate) in US Dollar 1000 x GBPUSD Rate
Minimum contract size 0.01 lot
MT4 1 lot size 100000 GBP
1 TICK value per 1 lot in USD 10 USD
Minimum step for increasing contract size 0.01 lot
Margin requirements to open a lock position* 0

* - Only if Margin Level > 100%

GBP/USD is third in trading volume currency pair in the Forex, which consists of the British pound and US dollar. Experienced traders often call this pair "Cable".

The basis of the high liquidity of GBP/USD pair is the fact that both monetary units are among the major reserve currencies of the world, or rather, the US dollar occupies a key position, and the pound is in third place after the euro. Dynamic of the pound/dollar "duo" is caused by fluctuations in interest rates of the particular currencies, which are regulated by the Bank of England and US Federal reserves, respectively.

The GBP/USD exchange rate indicates how many US dollars 1 pound costs. The pound-dollar pair mostly shows a negative correlation with the USD/CHF pair, however, it demonstrates synchronous movement with the EUR/USD pair. This situation is explainable by the fact that all these currency pairs are positively correlated.

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