GBP-USD

Trade GBP-USD


This currency pair represents the British Pound in relation to American Dollars. The GBP is the 4th most important currency in the world, and the pair is the 3rd most-traded within the global standards. This is because it represents ten percent of the total turnover on the foreign exchange market.

The USD is used as a reserve commodity whilst the GBP is a leading currency for offshore investments and transactions such as swaps and forwards. This pairing is often referred to as a ‘cable’ because transactions used to be carried out via transatlantic undersea cable in the past.

Trade GBP=