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The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in Forex and one of the reasons is the highly developed capital market. While 60% of the volume of foreign exchange are made via London, the GBP is not the most traded currency but is quite popular due to the good reputation of the UK monetary policy and a high interest rate.
Opening & Closing Session Times - Market
Nearest Opening Time Nearest Closing Time
0:00 23:59

Trading Conditions

Ticker GBPUSD
Margin % 1.00
Pip Value / Lot 10 USD
Minimum Size / Click 0.01
Maximum Trade size 50
Volume step 0.01
Digits 5
Stop Level* 8
Swap Long -2.42
Swap Short -2.75
* Stop Level is in points; Stop level is the minimum parameter where traders can set pending orders from.

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