Quotations – GBPUSD
Past performance is not a guarantee of or prediction of future performance.
|Pacific (Australia, Oceania)|
|Singapore, Hong Kong||00:00||09:00|
|Frankfurt, Paris, Zurich||07:00||16:00|
Trading CFDs involves significant risk of loss
|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.