The British Pound with US Dollar (GBPUSD) currency pair is most active during European and North American hours. The GBPUSD rate is one of the four major currency pairs and is one of the most liquid markets in the world. This major pair is also known as ‘Cable.’
The nickname is rooted in history and, inspired by the transatlantic cable that stretched the Atlantic ocean so that the United States and Great Britain could communicate with one another. The US and UK economies are also amongst the strongest economies in the world, which makes this an attractive currency pair to trade.
The British Pound is actually the 4th most widely traded currency in the world behind the US Dollar, Euro and Japanese Yen.
The interactive live GBPUSD chart below shows the current price action. The recent GBPUSD analysis can be found below the chart.