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.
Recent GBP/USD Forex News
Trade Ideas for Friday
24 Mar 2017 06:05 GMT
Time Estimate: 5 minutes
I think we will get a decent amount of movement today which could invite trading opportunities in these major pairs.
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Not So Sterling Just Yet
24 Mar 2017 00:05 GMT
Time Estimate: 2 minutes
A nice rally in the Pound over the past several days has many thinking about a major bottom. While I think we could be close, I still wouldn't rule out the possibility for one more big decline.