GBP/USD - British Pound / US Dollar - Forex Currency Pair

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The GBP/USD Currency Pair (British Pound / US Dollar) is the exchange rate of the British Pound expressed in U.S. dollars. It expresses the value of one British Pound in U.S. dollars. Forex professionals also call it the cable.

The GBP/USDis the third most traded pair and represents 9%  of the total of transactions on the FOREX in 2010. The GBP/USD is known for its volatility. From 2008 to 2010, the volatility of the pair British Pound / U.S. Dollar was approximately of  200 pips. As a result, many speculators trade it on the short term to capture some of this volatility. For scalper Forex, GBP/USD is therefore appropriate.

These large variations are due in particular to the various economic announcements that occur throughout the day. The economic news on the GBP (British Pound) are published most often in the morning and 10:30 (GMT+1) and at 14h30, it is the turn of announcements on US Dollar

Since its creation, the GBP/USD has fluctuated between $ 1.3504 reached in January 2009 and reached $ 2.11 in November 2007.

Both central banks linked to the pair Euro / US Dollar are the Bank of England (BoE) for the GBP and the Federal Reserve (FED) for the USD. Both banks rarely intervene directly to change the exchange rate. However, all decisions taken by these two central banks have a strong impact on the evolution of the GBP/USD (changing interest rates, asset buyback program ....


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BRITISH POUND (GBP):

The British pound (GBP) is the currency of England and Northern Ireland. This currency is the 4th most traded currency on Forex behind the U.S. Dollar, Euro and Yen. The British pound is present in 13% of transactions made on the Forex in 2010.. This is due largely to the fact that London is the most active financial place on the Forex because it represents 41% of the total volume of transactions.

The pound has historically been a strong currency reaching the price of 2.10 on GBP/USD in late 2007. Despite a drastic fall of the pound during the crisis, the currency is a currency of reference both in the Forex trade and international exchange.

 The England is also very attached to its currency and the England refused to adopt the euro. You can see below a £ 20 banknot:

GBP British Pound

The British pound is controlled by the Bank of England (BoE), which is responsible for making monetary policy decisions

US DOLLAR (USD):

The U.S. Dollar (USD) is the currency of the United States. The U.S. dollar is the most traded currency on the Forex and is present in 85% of total transactions in 2010. In 2001, 90% of transactions were linked to the Dollar. The U.S. dollar is a currency of reference both in the foreign exchange market and in international trade.

The dollar is still considered a safe haven even if the contestations are becoming more numerous. Indeed, the debt of the United States but is becoming alarming, but does not challenge the supremacy of the dollar.

 The dollar is also the most used currency in reserve in the world especially in China which has 2.5 trillion dollars in foreign currency reserves.

In terms of banknotes in circulation, the dollar is the second currency in the world. You can see below a $1 banknote :
US DOLLAR

The U.S. dollar is controlled by the Federal Reserve (FED) that is responsible for making monetary policy decisions.

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