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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 Bearish Candlestick Pattern Casts Immediate Risks Lower
GBP/USD may be at risk of further declines after the emergence of a somewhat asymmetric Evening Star formation.
GBP/USD Technical Analysis: H&S Bottom May Yet Form
EUR/GBP Technical Analysis: Conflicting Chart Signals Persist
GBP/JPY Technical Analysis: Resistance Just Below 176.00
GBP/USD Rally Rejected at Trendline
US Dollar Forecast to Rally Further, but Why Have Risks Grown?
The US Dollar remains in position to strengthen further versus the Euro, Sterling, and Yen. But why might momentum slow and what are the risks?
Japanese Yen Remains a sell versus GBP
Retail FX traders have bought aggressively into Japanese Yen weakness (GBPJPY and USDJPY gains), and a contrarian view of crowd sentiment leaves us in favor of continued declines....
British Pound Likely to Test Critical Lows
One-sided retail FX trader positioning warns that the Sterling may continue to trade into fresh lows versus the resurgent US Dollar.
Dollar Charges to Multi Week Highs on Strong US GDP Data
This morning’s top economic data generates puzzling price action after an initial bullish dollar.
Ranges Persist in USD-Pairs Post-FOMC Meeting
The FOMC threw the US Dollar a bone yesterday by leaving its name absent from its policy statement.

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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GMT0 09:48    

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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.