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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

EUR/GBP Technical Analysis: Waiting for Selling Opportunity
GBP/USD Technical Analysis: First Target Hit on Short Trade
GBP/USD Head and Shoulders Top
US Dollar Stands at Pivotal Price Levels on Big Week for FX Markets
The Euro trades at pivotal support versus the US Dollar, while the USD challenges key resistance across the board. A big week for FX markets suggests major breakouts are likely.
USDOLLAR Index Lacking Uniform Theme as Risk Sours
There are several factors in play that are determining the US Dollar's recent path.
US Dollar Drops, Euro and Yen Press Higher Amid Market Turmoil
The US Dollar dropped while the Euro and Yen continued to outperform as risk aversion continues to sweep across the financial markets.
AUD/USD Range Vulnerable to Dovish RBA, Slowing China
A more cautious tone out of the RBA may produce fresh 2015 lows in AUD/USD should the central bank show a greater willingness to further embark on its easing cycle.
Webinar: ECB, NFP Report to Carve Opening Range for Euro Crosses
Featured setups we’ll be trading this week as we kick-off September trade with key event risk on tap. Here are the updated targets & invalidation levels that matter.
Forex Volatility Risk Remains High on Critical Week for US Dollar
The US Dollar ends the month of August almost exactly where it began versus the Euro and other key counterparts. What might we expect in the coming week and in September?
EUR/GBP Technical Analysis: Euro at Risk of Deeper Losses

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.