GBP/USD Trading
Trade the "Cable" - British Pound vs US Dollar
GBP/USD, known as "Cable," is one of the most volatile major pairs. Trade with spreads from 1.0 pips, high volatility opportunities, and strong intraday movements.
Market Overview
British Pound vs US Dollar - Known as Cable for its historical transatlantic trading connection
0.1s
Avg Execution
NDD
Execution
24/5
Trading
Frequently Asked Questions
Why is GBP/USD called "Cable"?
GBP/USD is nicknamed "Cable" because of the transatlantic cable that was laid across the Atlantic Ocean in the 1850s to transmit currency prices between London and New York trading centers.
When is the best time to trade GBP/USD?
GBP/USD is most active during London session (08:00-17:00 GMT) and London-NY overlap (13:00-17:00 GMT). Avoid trading during Asian session when volatility is typically lower.
What makes GBP/USD more volatile than EUR/USD?
GBP/USD tends to be more volatile due to the UK's smaller economy relative to the Eurozone, Brexit-related uncertainties, and the pound's sensitivity to political developments and Bank of England policy changes.
How does Brexit affect GBP/USD trading?
Brexit developments can cause significant GBP/USD volatility. Trade-related news, political developments, and economic data showing Brexit impact on UK economy often trigger major price movements.
What economic events move GBP/USD most?
Key events include Bank of England rate decisions, UK employment data, inflation (CPI), GDP releases, and US economic data like NFP and FOMC meetings. Brexit-related political news also creates significant movements.