• GOLD VS OIL 22.1346 03:30 24.02
  • SSE180 VS CSI300 2.1859 03:30 24.02
  • TENCENT HOLDINGS 211.900 03:30 24.02
  • SHANGHAI COMPOSITE 3241.947 03:30 24.02
  • CSI 300 3463.797 03:30 24.02
  • HANG SENG F-JAN17 24040.000 03:30 24.02
  • ASX F-MAR17 5713.500 03:30 24.02
  • ASX 5742.500 03:30 24.02
  • SSE180 7571.410 03:30 24.02
  • HANG SENG 24012.350 03:30 24.02
  • AUD/CAD 1.01035 03:30 24.02
  • NZD/JPY 81.437 03:30 24.02
  • EUR/AUD 1.37232 03:30 24.02
  • CAD/JPY 86.069 03:30 24.02
  • AUD/JPY 86.965 03:30 24.02
  • GBP/JPY 141.560 03:30 24.02
  • USD/SGD 1.40747 03:30 24.02
  • NZD/USD 0.72203 03:30 24.02
  • EUR/USD 1.05810 03:30 24.02
  • EUR/JPY 119.341 03:30 24.02
  • AUD/USD 0.77105 03:30 24.02
  • USD/JPY 112.790 03:30 24.02
  • OIL-MAR17(WTI CRUDE) 53.980 03:30 24.02


GBP/USD: The British Sterling (Pound) and The U.S Dollar

The GBP/USD currency cross (with the GBP as the base currency and the USD as the quote currency) is a major cross pairing two ‘reserve’ currencies. The Pound Sterling or the British Pound, nicknamed the cable and also nicknamed ‘quid,’ is the official currency of England and The United Kingdom, including The Falkland Islands, Gibraltar, The Isle of Man, Guernsey, and other territories.

Historically, the GBP gets its name from a Pound of Sterling Silver, back in the 700’s. Currently, according to reports, the GBP is the fourth most traded currency, comprising approximately11.9% of the daily forex market. In 1940, as part of the Bretton Woods system which established post world war two exchange rates, the Pound Sterling was pegged to the United States dollar.

The British Economy

3 of the biggest United Kingdom forex traders are Barclays Investment Bank, HSBC, and The Royal Bank of Scotland.

The United Kingdom or Britain boasts the 6th largest global economy with Nominal GDP of approximately $USD 2.85 Trillion (2014). The UK Economy is dominated by the Services Sector, comprising approximately 79% of the GDP.

Factors Affecting the GBP/USD currency pair

The highest level of trading the GBP/USD occurs during the British Open and the New York Open. Due to the fact that this highly liquid currency cross pairs two of the largest economies, and reserve currencies, multiple domestic and international economic factors come into play when considering the forex and trading this currency.

Fundamental economic indicators such as UK and US inflation, interest rates, recent QE / quantitative easing by both the Bank of England and the U.S. Federal Reserve, and rising / falling levels of employment have a direct result on price fluctuations. Rising and falling commodity prices also have a direct correlation.

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