- Trading
- Instrument Specifications
- Currency Pairs
- GBP / USD Investing
Trading a Currency Pair - GBPUSD
GBP/USD Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 |
| Floating Spread, pip | 2.4 | 2.4 | 2.4 |
| Order distance, pip | 4 | 4 | 4 |
| Swap, pip (Long/Short) | -0.49 / -0.30 | -0.49 / -0.30 | -0.49 / -0.30 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 GBP | 100.00 – 100000.00 GBP | >=100.00 GBP |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 USD | 10 USD | 10 USD |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 3 | 3 | 3 | 3 |
| Order distance, pip | 4 | 4 | 4 | 4 |
| Swap, pip (Long/Short) | -0.49 / -0.30 | -0.49 / -0.30 | -0.49 / -0.30 | -0.49 / -0.30 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 GBP | 100000 GBP | 100000 GBP | 100000 GBP |
|
1 pip value per 1 lot | 10 USD | 10 USD | 10 USD | 10 USD |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 2.4 | 2.4 | 2.4 | 2.4 |
| Order distance, pip | 4 | 4 | 4 | 4 |
| Swap, pip (Long/Short) | -0.49 / -0.30 | -0.49 / -0.30 | -0.49 / -0.30 | -0.49 / -0.30 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 GBP | 100000 GBP | 100000 GBP | 100000 GBP |
|
1 pip value per 1 lot | 10 USD | 10 USD | 10 USD | 10 USD |
GBP/USD Trading Hours
GBP/USD trading hours are the time when investors can buy and sell GBP/USD. The GBP/USD is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade GBP/USD during different trading hours. Depending on where you live, you may be able to trade GBP/USD at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when GBP/USD trading hours begin and end.
GBP/USD Technical Analysis
The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD,H1 is retracing lower under the 200-period moving average MA(200) following a rebound after hitting two-day low yesterday. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.26445. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.26590. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - GBP/USD
UK’s consumer inflation came in hotter than expected for October. Will the GBPUSD price rebounding continue?
UK’s consumer inflation was hotter than expected for October: the Office for National Statistics reported the Consumer Prices Index grew at the rate of 2.3% over year in October - the highest in six months, after 1.7% growth in September when an increase to 2.2% was expected. The largest upward contribution to the CPI annual rate came from housing and household services where prices of gas and electricity fell by less than they did last year. Faster than expected UK consumer prices inflation is bullish for Pound and GBPUSD currency pair. The currency price rebounded after the publication of October UK CPI data.
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Buy |
The GBP/USD is one of the oldest traded currency pairs and is often referred to as “The Cable”. In 1866, the first transatlantic communication cable run across the floor of the Atlantic was used for transmitting currency prices between Great Britain and the United States.
GBPUSD Trading
The GBPUSD is one of the oldest traded currency pairs and is often referred to as “The Cable”. In 1866, the first transatlantic communication cable run across the floor of the Atlantic was used for transmitting currency prices between Great Britain and the United States. This pair presents how many dollars are needed to trade GBPUSD. For a deeper understanding how to trade currency pairs, for example GBPUSD, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading and how does it work".
Currency Pair GBPUSD | Forex | Major
The British Pound (GBP, "Sterling", "Cable") is the 4th most traded currency in the world. The issuer is the Bank of England.
- Is characterized by a relatively high value against other major currencies
- Is often used as a reserve currency
