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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 Candlestick Analysis: Bottom Set Above 1.45 Figure?
Video: Chinese Shares Don’t Rally on Chinese Stimulus, Dollar Rebounds
China did its part to bolster the financial system, but its own equity market didn't rally on the news.
GBP/USD Technical Analysis: Bound Slips on Test Above 1.50
EUR/GBP Technical Analysis: Short Trade Remains Active
GBP/JPY Technical Analysis: Pound Pauses to Digest Gains
Scalp Webinar: USD Correction In Focus- Kiwi at Risk Sub 7700
Archive to today’s Scalp webinar & highlighted setups as the USD gets a short reprieve. Here are the updated targets & invalidation levels that matter.
US Dollar Breakdown at these Levels Sets up Larger Yen, Euro Rally
The US Dollar trades near pivotal support versus the Yen and similar levels versus the Euro. A breakdown could force a larger USDJPY decline, EURUSD rally.
EUR-crosses Begin to Lose Traction at Start of Week
The Euro's late-week rally is already starting to lose steam.
EUR/USD Appeal Due to Covering Potential, Not Yield Prospects
As yields fall further in the Euro-Zone, traders have dismissed concerns of the ECB tapering its QE program, pricing in the first rate move not until December 2019 at the earliest.
EUR/GBP Technical Analysis: Sideways Trade Continues

British Pound Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
There are no events scheduled.

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.