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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

British Pound Remains in Clear Downtrend
The British Pound remains in a choppy trading range versus the US Dollar, but overall momentum and one-sided FX trader sentiment favors continued weakness.
What to Expect from ECB and Managing EUR/USD Trade
With the ECB's stress tests due at the end of the month and the ABS-program not yet having begun, it is unlikely QE is announced today.
GBP/USD Jolts Above 1.6200 As UK Construction PMI Hits A 9-Months High
UK Construction PMI accelerated to a nine-month high causing GBP/USD to jolt above the critical 1.6200 level.
GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
GBP/USD has staged an about face in trading today, yet a void of bullish candlesticks leaves a question mark over a further recovery.
Euro Can Reverse Course, Rally if ECB Comes Up Short
In the past 5 months, EURUSD has dropped over 1,400 pips from peak to trough. And, much of this move can be attributed to the ECB.
GBP/USD Technical Analysis: Losses Extended for Sixth Day
EUR/GBP Technical Analysis: Critical Swing Low at Risk
GBP/JPY Technical Analysis: Pound Drops Most in 7 Months
GBP/USD Prints Above $1.6230 as ISM Manufacturing Misses Big
The September ISM Manufacturing report headline showed the first sign of weakness after two consecutive months of increasing data.
Aussie Weakness via AUD/USD, EUR/AUD, GBP/AUD Driven by Data, Techs
AUDUSD came within a few pips of testing the yearly low at $0.8659 overnight.

British Pound Trading Forecast

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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.