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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

Weekly Trading Forecast: NFPs and RBA Rate Decision Key FX Catalysts This Week
Monetary policy has proven the Forex market's top driver the past six months. That puts this week's NFPs a market-forecasted RBA rate cut in the spotlight.
GBP/USD Preserves Bearish Momentum Ahead of BoE Meeting
The Bank of England (BoE) interest rate decision may have a limited impact on GBP/USD as the central bank is widely expected to preserve its current policy at the February 5 meeti...
GBPNZD - Symmetry In Motion
GBPNZD showing symmetry on rallies dating back to September.
Q4’14 US GDP Misses Expectations, but Internals Good Enough for Buck
The headline figure missed expectations, but signs that the US consumer is strong has been enough to keep the US Dollar in the game.
Month-end Rebalancing Leaves USD Especially Vulnerable to Q4 GDP
With futures speculative US Dollar long positioning coming off of an all-time high, end of month book rebalancing puts the buck on thin ice for today's data.
GBP/USD Technical Analysis: Waiting for Breakout Trigger
EUR/GBP Technical Analysis: Euro Gains Most Since October
Dollar a Carry Candidate or Safe Haven in GDP Response?
Both USD and S&P 500 held their composure through the FOMC decision. Can they keep it up through Friday’s 4Q GDP release?
GBP/JPY Technical Analysis: Stalling Below 180.00 Figure
Will US GDP Stir Dollar or Risk More - USDJPY May Break Either Way
Both speculative appetite - at least in US equities - and Dollar fortitude have held through the FOMC's monetary policy meeting this week...

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Jan 27
09:30
LIVE
GBP Gross Domestic Product (YoY) (4Q A) 2.7% 2.8% 2.6%

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.