Trade GBP/USD
British Pound / US Dollar
Known as "Cable", GBP/USD is one of the oldest and most volatile major forex pairs.
Specifications
About GBP/USD
GBP/USD tracks the exchange rate of the British pound against the US dollar. The pair is nicknamed "Cable" after the transatlantic telegraph cables that once transmitted prices between London and New York. It is known for sharp intraday moves, especially during the London session, and remains sensitive to UK economic data and Bank of England policy.
Key Price Drivers
- Bank of England interest rate decisions
- UK GDP and inflation data
- Post-Brexit trade and regulatory developments
- US dollar strength and Federal Reserve guidance
Peak Trading Hours
GBP/USD is most active during the London session and the early hours of the New York session.
London session (07:00-16:00 UTC)
Volatility often spikes around UK data releases at 07:00 UTC and during the London-New York overlap.
How to Trade GBPUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find GBPUSD in MT5
Open MetaTrader 5, search for GBPUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
Is GBP/USD more volatile than EUR/USD?
Yes. GBP/USD typically posts wider average daily ranges and reacts more sharply to economic data, making it a popular pair for short-term traders who can manage the added risk.
Why is GBP/USD called Cable?
The nickname dates to the mid-1800s, when the sterling-dollar exchange rate was transmitted between London and New York through transatlantic telegraph cables laid across the ocean floor. The name stuck and is still used by traders worldwide.
What spread does StoicFX offer on GBP/USD?
GBP/USD typically carries tight spreads due to its deep liquidity, though actual costs depend on market conditions, session, and account type.
What moves GBP/USD the most?
Bank of England rate decisions, UK inflation and GDP figures, and US dollar moves driven by Fed policy are the primary catalysts.
Start Trading GBP/USD
Open a live account or practice risk-free on demo.
CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.