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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

GBP/USD Technical Analysis: Passing on Short Trade Setup
EUR/GBP Technical Analysis: Euro Rebound Hinted Ahead
GBP/JPY Technical Analysis: Rebound Stalls Below 174.00
US Dollar Looks like a Buy versus Euro, Yen, and Sterling
Record positions in the US Dollar warn that we’re at a substantial turning point, but until this changes we’ll remain in favor of buying USD at these levels.
British Pound Breakdown Confirmed, Look for Losses
A substantial reversal in the British Pound produced a similarly significant turn in sentiment, and our retail FX positioning data points to further GBPUSD declines.
GBP/USD Probing Below 1.6900 With Reversal Patterns Lacking
GBP/USD’s woes have continued following an Evening Star formation on the daily near the pair’s 2014 highs at 1.7170.
USD/JPY Fueling Broader USD Breakout; EUR/USD Weak Under 1.3400
Today can be viewed as an 'eye of the storm' type day, considering that there's no major US event risk: yesterday saw ADP, GDP, FOMC; tomorrow sees NFPs, PCE, ISM.
Dollar Rallies, But What Was the Source of Strength?
In a storm of fundamentals, the dollar did not escape a swell of volatility this past session. However, the currency’s remarkable rally didn’t exactly fit the expected...
Forex Video: Long-Term US Dollar Outlook 07.31.2014
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.
GBP/JPY Technical Analysis: Pound Launches Recovery

British Pound Trading Forecast

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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.