The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.
GBP Soars as BOE’s Carney Lights the Monetary Touchpaper
My Picks: Long EUR/USD, Short GBP/USD
Expertise: price action + macro
Average Time Frame of Trades: few days - few weeks