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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

Forex Strategy: Holding Long USD/CAD, Short GBP/USD

Euro Ready for a Short-term Breakout, Trend Revival When Liquidity Returns

Activity levels for EURUSD are extraordinary. Regardless of how we measure the trading conditions behind the market’s most liquid currency pair, we are left with an assessme...

Trading Video: Liquidity Delays EURUSD, GBPJPY, Yen Setups

Great trading opportunity lies ahead, but expectations must be reasonable for when and where we can act...

GBP/USD Technical Analysis – Short Position Now in Play

EUR/GBP Technical Analysis – Euro Rebound Hinted Ahead

GBP/JPY Technical Analysis – Pound Rises to 2-Week High

GBP/USD Leaves Nasty Candle at Nearly 5 Year High

4 GBP/AUD Signals That Favor the Downside

Technical factors including the possible re-test of a broken daily trend line, a developing double-top formation, and a pair of bearish momentum signals all make the case for new G...

Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

The forex trading crowd remains very long the US Dollar versus the Euro, GBP, and JPY. We see further room for EURUSD and GBPUSD highs, fresh USDJPY lows.

British Pound Gains are Slowing but Not Likely Over

Retail forex trading crowds are extremely short the British Pound versus the US Dollar, and a contrarian view of crowd sentiment suggests the GBPUSD may continue to fresh highs.

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Apr 15
08:30
LIVE
GBP Consumer Price Index (YoY) (MAR) 1.6% 1.6% 1.7%
08:30
GBP Core Consumer Price Index (YoY) (MAR) 1.6% 1.6% 1.7%

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.