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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: How Far can the Dollar Go in 2014?
The Dollar trades near major highs versus the Euro and other FX counterparts. Why might key currencies hit fresh extremes in the final two weeks of the year?
GBP/USD Range in Focus Ahead of U.K. & U.S. 3Q GDP Reports
The Gross Domestic Product (GDP) reports coming out of the U.K/U.S. may spark a further decline in GBP/USD as market participants see the Federal Open Market Committee (FOMC) norm...
US Dollar Targets Fresh Highs versus Euro, but What Could Change?
The US Dollar finished at fresh multi-year highs versus the Euro and near key peaks versus other currencies, but does it have the staying power to hit further peaks in 2014?
GBP/USD Technical Analysis: Range-Bound Below 1.58
EUR/GBP Technical Analysis: Short Position Now in Play
GBP/JPY Technical Analysis: Buyers Reclaim 185.00 Figure
US Dollar Once Again Looks like a Buy versus Euro, Major Currencies
The US Dollar once again looks like a buy versus the Euro and other FX counterparts as a sharp shift in sentiment points to gains. Here’s what we’re watching.
Sterling May Rally further versus Japanese Yen
Retail FX traders are once again net-short the British Pound against the Japanese Yen, and a contrarian view of crowd sentiment leaves us in favor of buying into GBPJPY gains.
British Pound Forecast Calls for Further Weakness
Indecisive moves in the British Pound have led to similarly indecisive trading crowd sentiment. Yet our data shows retail traders remain net-long the GBPUSD, and a contrarian view...
USD/CHF Cup and Handle, EUR/GBP Triangle Wait on Catalysts
The next leg of EUR and CHF weakness may be starting...soon.

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Dec 16
09:30
GBP Consumer Price Index (YoY) (NOV) 1.0% 1.2% 1.3%
09:30
GBP Core Consumer Price Index (YoY) (NOV) 1.2% 1.5% 1.5%
Wed
Dec 17
09:30
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.