About Gbp-Usd and Gbp-Usd Trading
What type of currency pair is GBP/USD?
The GBP/USD is a major currency pair, as it consists of two major currencies, including the U.S Dollar.
The U.S Dollar is the quote currency, and the British Pound is the base currency. The GBP/USD currency pair shows traders how much the GBP is worth when compared to the USD. The USD/GBP pair ranks amongst the top 5 most traded currencies globally. It's also one of the oldest currency.
Drivers for the GBP/USD currency pair
The GBP/USD pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
Also, monetary policy is one of the most important drivers that influences the GBP/USD pair. In the past few years, Brexit was also a major factor for the GBP/USD live rate.
How can you trade the GBP/USD currency pair?
At CAPEX.com you can follow the GBP/USD live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the GBP/USD pair?
Here at CAPEX.com you can trade the GBP/USD pair from Sunday to Friday, between 21:05-20:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.