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CMC GBP Index price

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Sell
0.0
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1Y
Interval 30 min

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About CMC GBP Index

Our CMC GBP Index is a forex CFD basket made up of a collection of currency pairs that all have the same base currency, the British pound sterling (GBP). This gives you exposure to multiple currencies using one single position. The GBP Index can also help to provide a benchmark overview for the international value of the sterling, as it tracks the underlying prices of the currency pairs. Examples of constituents within the forex index include GBP/EUR, GBP/USD, GBP/CHF and GBP/CAD. If individual forex prices appreciate, then this will increase the overall value of the basket, and if the forex prices depreciate, the overall value of the basket will decrease. Trading on our CMC GBP Index is one way of diversifying your portfolio, and it could help to offset currency risk. Start spread betting or trading CFDs on our CMC GBP Index.

Why 300,000 committed global clients† choose CMC

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  • Tax-free profits on spread bets. No stamp duty on CFDs^

  • Access to 12,000+ financial instruments

  • 99.95%+ platform stability**

  • 99.9% fill rate with 0.0029s execution*

  • London-Based Client Support

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Trading details

minimum spread
N/A
minimum size (new)
0.001
Shorting allowed
Yes
GSLO allowed
No

Holding costs

Daily - Sell
0.00
Daily - Buy
0.00
Yearly - Sell
0.00
Yearly - Buy
0.00

Margin rates

Tier Units Rates

Trading hours

(shown in London local time )

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FAQs

New to trading?

Is it free to open an account?

There's no cost when opening a live spread betting or CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade.

What are the costs of spread betting and CFD trading?

There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
See our costs

Is CMC Markets UK plc regulated by the FCA?

Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

New to CMC Markets?

Is CMC Markets covered by the FSCS?

Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. More information about FSCS is available here

How does CMC Markets segregate client money?

Under the FCA's Client Money rules, we are required to segregate client money (unless you agree with us otherwise) from CMC's own funds. The funds held in segregated bank accounts do not belong to CMC and will be held in a way that enables it to be identified as client money. Learn more about client money regulations

How does CMC Markets make money?

Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue.

We never aim to profit from our clients' losses. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

 

CMC GBP Index FAQs

What is the official GBP index called?

An example of an official forex index that tracks the performance of GBP against other currencies is the Bloomberg Pound Index, which represents both developed and emerging market currencies, including USD, CHF, EUR, and CNH. The index takes into consideration global market liquidity and the UK’s trading partners, and rebalances once a year.

Is there a euro index?

We offer a basket of currencies that share the same base currency, the euro (EUR), providing a benchmark for its international value. Examples of euro-based currency pairs include EUR/USD, EUR/GBP and EUR/CHF. View more details including weightings, costs, and margin rates for our CMC EUR Index.

Is GBP a strong currency?

The pound sterling (GBP) is currently the fifth strongest currency in the world. It is also the oldest currency that is still in use, having been in continuous use since its inception around 1,200 years ago. These factors help to make it a popular choice in forex trading. See our list of the most valuable currencies, including the Swiss franc and Kuwaiti dinar.

*CFD median trade execution time, CMC Markets financial year 2020-21.**Core platform uptime, CMC Markets financial year 2020-21.^Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK†310,363 active clients, CMC Markets financial year 2021-2022. Active clients represent those individual clients who have traded with or held CFD or spread bet positions, or who traded on the stockbroking platform, on at least one occasion during the financial year.

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