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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

Price & Time: GBP/USD Bucking the Trend?
USD/JPY touches 12-year high...
Pound May Overlook UK GDP Upgrade, Aussie Dollar Drops on Capex Data
The British Pound may not see follow-through on upgraded first-quarter UK GDP data. The Australian Dollar slumped overnight as soft capex data fueled RBA rate cut bets.
GBP/USD at Risk for Rebound on Upbeat 1Q U.K. GDP Report
A marked upward revision in the U.K. Gross Domestic Product (GDP) report may encourage a near-term rebound in GBP/USD as it raises the outlook for growth and inflation.
GBP/USD Technical Analysis: Support Above 1.53 in Focus
EUR/GBP Technical Analysis: Euro Recovery Hinted Ahead
GBP/JPY Technical Analysis: Pound Moves to 7-Year High
US Dollar Targets Fresh Highs versus Yen, Euro - Levels to Watch
The US Dollar broken key volume-based resistance versus the Euro, Sterling, and Japanese Yen. Here are the key price levels we’re watching next.
GBP/USD Technical Analysis: Sellers Overcome 1.54 Level
Dollar Extends Rally and Breaks Through On EURUSD, GBPUSD and USDJPY
With the return of liquidity, the Dollar intensified its bullish drive through the past week.
All Trading Involves Luck But Good Traders Attempt to Minimize It
The best trader and best strategy will always be open to some measure of 'luck' (market conditions).

British Pound Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Thu
May 28
08:30
GBP Gross Domestic Product (YoY) (1Q P) 2.4% 2.5% 2.4%

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.