GBP/USD

This currency pair is also known as 'cable' owing its name to the undersea cable that transmitted prices between London and New York many years ago

GBP/USD Market Influences

Interest rates play a major role when the idea of evaluating one currency against another comes in to play. The interest rate determines the capacity of earning for a particular currency. Inflation influences the interest rates greatly. If interest rates of a country are rising because of a healthy economic growth that is a positive sign for the currency. It has to be kept in mind that the value of a particular currency always reflects its buying power..

Product Specifications and Information
GBP/USD
Spot
1.5610
Spread 3 pips
100,000
0.0001
$10 per 0.0001
Margin $1,000
Monday 1.00Am to Saturday 12.30 Am
N/A