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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: Targeting Below 0.72 Figure
GBP/JPY Technical Analysis: Upside Follow-Through Pending
April Forex Seasonality Foresees Weakest Month of Year for USD
The US Dollar has picked up steam heading into April, but the QE era seasonality studies suggest showers ahead for the greenback.
What Could Greece Troubles Mean for the Euro? Substantial Volatility.
Ongoing Greek debt troubles continue to pose a significant danger to the Euro Zone and the Euro itself. What are the risks and key dates?
USD in Holding Pattern as Calendar Turns to April, Q2
The greenback had an outstanding Q1'15, but that means little going forward.
GBP/USD Technical Analysis: Still Stalling in 3-Week Range
EUR/GBP Technical Analysis: Short Trade Hits First Target
GBP/JPY Technical Analysis: Resistance Above 178.00 at Risk
Trading Video: Dollar and SPX Rallies Break Records, Greece Standoff Trouble...
With the close of the month and quarter, we are keeping tabs on some of the most incredible trends seen on record...
Forex Strategy Video: A USDJPY Technical Break Hits a Fundamental Support
We use USDJPY to illustrate how technical and fundamental analysis can harmonize for setups or undermine them.

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.