GBP / USD
Offer high liquidity and tight spreads, this pair is influenced by economic indicators from the UK, USA and around the world.
Interesting facts
GBP/USD (who has the nickname 'cable') is the amount of USD that can be purchased with one British pound. GBP pegged to the U.S. dollar in 1940 and became part of the Bretton Woods system which governed the exchange of post-war, and the collapse of the pound into free-floating system in 1971. Historically, the British pound and the U.S. dollar has become a major tool in which many other countries have their currencies appreciated.
Price drivers
The British Pound is influenced by various factors, both domestically and internationally. Domestically, GBP influenced by economic indicators that provide insight into the health of the UK economy, including interest rates and quantitative easing ( both determined by the Bank of England ), GDP growth, inflation and labor market data. In addition, the British pound may be influenced by the prices of some base metals, oil and other commodities. USD can be influenced by labor market data (especially in the results NFP and unemployment), GDP and inflation data and the Fed's interest rate. Lately, quantitative easing, or the possibility, by the Fed and the idea that the safe-haven U.S. dollar may have factored into the decision of investors when trading USD.
