GBPUSD pair.

The British pound was and remains a rather peculiar currency, first of all, it is the most expensive monetary unit in the world, which is very popular in settlements between financial institutions, and secondly, it is a rather unpredictable trading tool.

On the exchange it is traded in combination with the US dollar, this is the most popular option and ranks third in terms of the volume of completed Forex transactions.

The GBPUSD currency pair is the most popular among traders in England and other European countries; American exchange players also trade it with pleasure; in total, about 12% of all transactions on the foreign exchange market are carried out in GBPUSD.

Quote GBPUSD - shows the value of the British pound in US dollars, the volume is calculated in pounds, and since the pound exchange rate is quite high, you will need a fairly large amount to purchase one lot.

The cost of a point is still 10 dollars, and the current rate is 1.6820.

At the same time, the pair does not have a high spread like other dollar instruments; the spread on GBPUSD on average across brokers ranges from 1.5 to 4 points.

Features of trading on GBPUSD.

First of all, it should be noted that GBPUSD is a rather aggressive trading instrument; along with high volatility , it is also characterized by sharp fluctuations and reversals.

Sometimes the movement on the pound/dollar within one day exceeds 200 points, and on average the pair moves 100-150 points daily.

The main trading time, of course, is the European trading session ; it is at this time that British traders enter the market; activity subsides significantly during the Asian trading session, down to 30-50 points.

The GBPUSD rate is directly affected by three factors - news from the USA, news from the UK and news from Europe. The pound has a direct correlation with currencies such as the Swiss franc and the euro, but due to the nature of this pair, one cannot talk about strict rules.