How can You trade the GBP/USD?
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What factors influence the GBP/USD?
What to consider when trading the GBP/USD?
The long history, stability, and the economic stature of the United Kingdom and the United States makes the GBP/USD into one of the most widely traded currency pairs. This, in turn, translates into a highly liquid market, so traders can enjoy numerous trading opportunities on this pairthroughout the day.
However, the global currency markets can be difficult to navigate at times, and this currency pair is no different. Those choosing to trade it should keep a close eye on the GBP/USD, price chart and build their trades’ strategiesdevelop their trading strategy accordingly.
Did you know?
Trading tThe GBP/USD pair, also has been known as the ‘trading the cable’ since the 1800s., is where the trader sees how many US dollars are worth one Great British pound.
If the pair is quoted as trading at 1.50, it means it takes $1.50 to buy a single pound.
This pair is among the five most traded currency pairs in the foreign exchange market.