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Frequently Asked Questions
What is GBPUSD?
GBPUSD, known as "Cable," represents the exchange rate between the British pound sterling (GBP) and the US dollar (USD). It is one of the most liquid and widely traded forex pairs in the world.
What factors affect GBPUSD?
GBPUSD is influenced by Bank of England (BoE) and Fed monetary policy decisions, UK GDP and inflation data, employment statistics, Brexit-related developments, and relative economic strength between the UK and US.
What are the best hours to trade GBPUSD?
GBPUSD is most active during the London session (08:00-16:00 UTC) and the London-New York overlap (13:00-17:00 UTC). UK economic releases at 07:00 UTC often trigger significant price movements.
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