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GBP (British Pound)

The British Pound Sterling is the fourth most popularly traded currency, and the third most commonly held reserve currency. The British Pound Sterling represents the economy of The United Kingdom, which consists of England, Scotland, Wales, and Northern Ireland; and the Pound Sterling is the sixth largest currency in terms of GDP, and the 8th largest in terms of Purchasing Power Parity.

GBP News and Analysis

GBP/USD Rebound Falters As A Hanging Man Shifts Risks Lower
GBP/USD’s recovery has stumbled after the appearance of a Hanging Man candlestick, which has left the pair with bearish cues.
GBP/USD Extends Losses Below 1.6200 As UK CPI Slows To A 5-Year Low
UK inflation figures slowed to five-year low on food prices. GBP/USD extends losses as UK August CPI Y/Y slows in line with expectations.
Dollar Squeezes Out Sixth Straight Advance Amid Financial Market Warnings
The chorus of officials issuing warning over the complacency and risks present in the financial system keeps building towards a crescendo…
Pound May Pay Little Heed to UK CPI with Scotland Vote in Focus
The British Pound may pay little heed to Augusts’ UK inflation figures as all eyes focus on the Scottish Independence referendum due later in the week.
Keep an Eye on USDJPY, S&P 500 and Volatility Through the This Week’s ...
The upcoming session will test traders' focus...
GBP/USD Technical Analysis: Passing on Long Trade Setup
EUR/GBP Technical Analysis: Oscillating in Familiar Range
Strategy Video: Can CPI Data Detonate High GBPUSD Volatility Risk
Interest rate expectations drove GBPUSD nearly 2400 points higher in 12 months and they caused it to collapse half of that in 2...
GBP/JPY Technical Analysis: A Top in Place Below 175.00?
US Dollar Remains a Buy as Volatility Surges - Here’s What to Watch
The US Dollar seems almost certain to see big moves in the week ahead. These are the strategies and pairs we’re watching in the coming days.

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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GMT0 11:26    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 16
08:30
GBP Consumer Price Index (YoY) (AUG) 1.5% 1.5% 1.6%
08:30
GBP Core Consumer Price Index (YoY) (AUG) 1.9% 1.8% 1.8%
Wed
Sep 17
08:30
GBP Bank of England Minutes

Due to its role as the world's first industrialized country, and the world's dominant superpower throughout the 18th and early 19th centuries, the British Pound became and retains its status as one of the more globalized currencies available to traders.


The British Pound also retains a unique history in the scope of the global economy. Like many other currencies, its value was pegged to the US Dollar with the Bretton Woods System; at an original rate of 4.03 US Dollars to One British Pound. This rate was maintained throughout the Second World War, and was only abandoned upon persisting economic pressures caused the government to devalue the pound by 30.5% to 2.8 US Dollars to One British Pound on September 19, 1949.


As the Euro zone formation began to solidify, The United Kingdom faced a controversial decision whether or not to adopt the new currency as their own. As a member of the Euro zone, this was an option that they had but chose to turn down. Subsequent referendums were held on the topic of adoption which created the 'five economic tests' as to whether or not adopting the Euro as the currency of The United Kingdom would be in the best interests of the country.


Monetary Policy for the currency is managed by the Bank of England's Monetary Policy Committee (MPC). The committee meets for two and a half days each month to decide on the official interest rate for the country.