The GBP/USD currency pair represents the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD). It indicates how many US dollars are needed to purchase one British pound. This currency pair is one of the most widely traded in the world’s foreign exchange markets and is often referred to as “Cable” in trading jargon. The movements in this pair are influenced by various factors, including economic indicators, monetary policies of the Bank of England (BoE) and the Federal Reserve (Fed), geopolitical events, and market sentiment. Traders and investors closely monitor GBP/USD fluctuations for trading opportunities and insights into the economies of both the United Kingdom and the United States.
British Pound Sterling
Currency :
British Pound Sterling
Symbol :
£
Nickname :
Pound, Quid
ISO 4217 :
GBP
Central Bank :
The Bank of England (BoE)
Denominations :
£1, £5, £10, £20, £50, £100
US Dollar
Currency :
US Dollar
Symbol :
$
Nickname :
Greenback or Buck
ISO 4217 :
USD
Central Bank :
Federal Reserve
Denominations :
$1, $2, $5, $10, $20, $50, $100
