Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

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

Major US Dollar and Yen Pairs May Have Finally Turned the Corner
Last week our retail forex sentiment data accurately pointed to Euro and US Dollar strength and Japanese Yen weakness. Now what?
British Pound Breakdown Might be the Real Deal
A noteworthy pullback in the British Pound has been met with a potentially significant shift in crowd positions. We might soon turn in favor of selling into GBPUSD losses.
GBP/USD Recovery Doubtful With Void Of Bullish Candlesticks
GBP/USD has extended its slide in recent trading after an Evening Star formation near 1.7170 offered an ominous warning of a correction for the pair.
Surprise PMIs Offer EUR/JPY, EUR/USD ST Reversal Opportunities
The Euro may be poised for a short-term bounce against its major counterparts over the coming days, as the most important data on the Euro-Zone economic calendar this week roundly ...
Dollar Fails to Leverage Key EURUSD Break
The key to seeing the dollar and broader financial markets return to trend – bullish or bearish – is seeing the masses return and reestablish a level of commitment. Ca...
GBP/USD Technical Analysis: Pound Drifts to 1-Month Low
Forex Video: Long-Term US Dollar Outlook 07.24.2014
Examining the long-term trend of the US Dollar and trading it via a diversified portfolio tracking the currency vs. the British Pound, Yen, Euro and Australian Dollar.
EUR/GBP Technical Analysis: Oscillating in Familiar Range
Trading Video: Markets Diverge, Dollar and Risk Struggle, NZD Drops on Rate ...
Moving forward we will see speculative appetite and monetary policy forecasts will once again share the spotlight. We discuss these themes and their trade implications in today's ...
GBP/JPY Technical Analysis: Range-Bound Trade Continues

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 21:40    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Hawaii
  • (GMT -9) Aleutian
  • (GMT -8) Alaska
  • (GMT -7) Los Angeles, Vancouver
  • (GMT -6) US & Canada
  • (GMT -5) Chicago, Mexico City
  • (GMT -4) Toronto, New York, Santiago
  • (GMT -3) Brasilia, Buenos Aires, Halifax
  • (GMT -2) DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) UTC
  • (GMT +1) Lisbon, London
  • (GMT +2) Paris, Berlin
  • (GMT +3) Istanbul, Nairobi, Athens
  • (GMT +4) Dubai, Moscow
  • (GMT +5) Karachi, Islamabad
  • (GMT +5:30) Mumbai, Delhi
  • (GMT +6) Dhaka, Almaty
  • (GMT +7) Jakarta, Bangkok
  • (GMT +8) Shanghai, Singapore
  • (GMT +9) Tokyo, Seoul
  • (GMT +9:30) Adelaide, Darwin
  • (GMT +10) Brisbane, Sydney, Melbourne
  • (GMT +11) Vladivostok
  • (GMT +12) Auckland, GMT+12:00, Fiji
  • (GMT +13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Jul 25
08:30
GBP Gross Domestic Product (QoQ) (2Q A) 0.8% 0.8%
08:30
GBP Gross Domestic Product (YoY) (2Q A) 3.1% 3.0%

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.