GBP/USD
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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. Trade CFDs on the GBP/USD currency pair.
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FAQs
A contract for difference (CFD) is a derivative product which enables you to trade on the price movements of underlying financial assets (such as forex, indices, commodities, shares and treasuries). It's an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time it's closed.
With a CFD, you never actually own the asset or instrument you're trading, but you can still benefit if the market moves in your favour, or make a loss should the market move against you.
Trading CFDs involves trading on leverage, which means that you can enter a position with a set initial deposit, known as the margin requirement. It's important to remember that leverage amplifies your gains and losses in equal measure, based on the full value of the trade, and not just the initial margin amount. Learn more about CFD trading