Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

GBP/USD

GBP/USD price

22 September, 17:14 BST

Interval30 min

Pricing is indicative. Past performance is not a reliable indicator of future results.

1 Hour

Day

7 Day

30 Day

CLIENT SENTIMENT

83% long

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest market data.

Client sentiment is provided by CMC Markets for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.

About GBP/USD

The currency pair GBP/USD is based on the value of the British pound versus the US dollar. It’s often referred to as ‘cable’ after the original method used to transmit the exchange rate across the Atlantic, which dates back to the mid-19th century. The GBP/USD price is based on how many US dollars (the quote currency) are needed to buy one British pound (the base currency), representing one of the most popularly traded forex pairs in the world. Several factors can influence this currency pair, such as political events, monetary policies and economic growth. Our GBP/USD chart can be analysed in various short and long-term timeframe views. View our trading hours, margins and spreads below. Spread bet or trade CFDs on the GBP/USD currency pair.

Constituent weightings

Component	Weighting	1 Day	1 Month	3 Month

Related instruments

Trading details

minimum spread

N/A

minimum size (new)

0.001

Shorting allowed

Yes

GSLO allowed

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

Why trade GBP/USD with CMC Markets?

We've invested over £100m into our trading platform, creating pioneering technology that puts professional-grade grade software in your hands.

One-click trading
Set your default position size and enter with a single 'click'.
99.9% fill rate with 0.0029s execution*
Wherever possible we fill your trade and always at the price you see.
99.95%+ platform stability**
We consistently achieve core platform uptime, allowing you to focus on your trading.
Precise pricing
We crunch 225m prices every day, from up to 14 feeds from tier one liquidity providers.

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?

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.

GBP/USD FAQs

Why is GBP/USD so volatile?

GBP/USD is often seen as a highly liquid and volatile currency pair. This may be due to social and political factors, such as Brexit, which has increased the British pound sterling’s volatility since the announcement in 2016. The UK economy is also susceptible to periods of stagnant economic growth and high inflation, or ‘stagflation’. Learn how to trade on volatile markets.

What is the best time to trade on GBP/USD?

There is no definitive ‘best time’ to trade on GBP/USD, although some traders may prefer a more liquid market so that they can enter and exit positions quickly, using a strategy known as forex day trading. The market tends to be more liquid and comes with tighter spreads when the UK and US markets are both open, so see an overview of forex market hours.

How can I trade on GBP/USD?

Open an account to start trading on our GBP/USD live chart. You may wish to consult our guide to forex trading strategies before opening a position in order to find the suitable strategy for your trading goals and personality.

What technical indicators can be used on a GBP/USD chart?

Traders focusing on technical analysis will often apply indicators such as a simple moving average (SMA) or stochastic oscillator to a GBP/USD chart, as these both help to identify short-term trends within the forex market.

*CFD median trade execution time, CMC Markets financial year 2020-21.
**Core platform uptime, CMC Markets financial year 2020-21.