Publication date:
17/05/2024
Author: FX Trust Score
Last updated on October 7, 2024
Stay up-to-date with British Pound (GBP) against the US Dollar (USD) in real-time by bookmarking this Live Chart. View historial data and track market movements on one of the most-traded pairs in the forex market, as they happen.
The British Pound (GBP) and US Dollar (USD) is one of the most popular and well-established currency pairs in the forex market. Like most other currency pairs, GBP/USD is highly sensitive to economic and political developments in the UK and US. Experienced traders like to monitor key economic indicators such as GDP growth, unemployment figures and inflation rates as well as Federal Reserve and Central Bank policies. These factors can influence market expectations and cause currency fluctuations.
Political instability and geopolitical events can also heavily influence the GBP/USD pair. Brexit negotiations, general elections and US financial policy can trigger significant volatility. If traders stay informed about these events, they are more able to anticipate potential market movements and take better action on their investments.
The GBP/USD is also known for its high liquidity and substantial trading volume, making it one of the most traded currency pairs in the world forex market. This liquidity facilitates the opening and closing of positions and presents many trading opportunities. It also has well-established trading patterns, giving valuable insights to traders looking to capitalise on both short and long-term market movements.
Publication date:
17/05/2024
Author: FX Trust Score
Last updated on October 7, 2024
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