Introduction The GBP/USD Pair

The GBP/USD (British Pound/ US dollar) is the relation of the British Pound against the US dollar.

Forex Knowledge: Trading the British Pound/US Dollar

  • Typical broker spread: 1.2-5 pips
  • Official name of the GBP: pound sterling
  • Common used nicknames: Cable
  • Most active trading sessions: London and US session
  • Most active trading hours: 7:00 GMT – 16:30 GMT
  • Average daily range (high-low): 147 pips
  • Trading strategies to trade GBP/USD: Click here
  • Recommended level of trading experience: Beginner
  • Value of one pip GBP/USD: $10 (standard), $1 (mini) and $0.1 (mirco)

Economic Events That Move The British Pound/US Dollar

A. United Kingdom

  • Current Account
  • Trade Balance
  • Non EU Trade Balance
  • Visible Trade Balance
  • Gross Domestic Product (GDP)
  • NIESR GDP Estimate
  • Consumer Price Index (CPI)
  • BOE Rate Decision
  • Bank of England Meeting Minutes

B. United States

  • Employment – (Non-Farm Payrolls and Unemployment Rate)
  • FOMC Rate Decision
  • Trade Balance
  • Current Account Balance
  • Net Foreign Security Purchases (TIC)
  • Gross Domestic Product (GDP)
  • Consumer Confidence
  • ISM Manufacturing
  • Philadelphia Fed Survey
  • Durable Goods Orders
  • University of Michigan Consumer Sentiment Index
  • Consumer Price Index
  • Producer Price Index (PPI)
  • Advance Retail Sales
  • Fed President Speaks
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