GBPUSD pair.

The British pound has always been and remains a rather unique currency. Firstly, it is the world's most valuable currency, enjoying widespread popularity in transactions between financial institutions, and secondly, it is a rather unpredictable trading instrument.

It is traded on the exchange against the US dollar, which is the most popular option and ranks third in forex trading volume.

The GBPUSD currency pair is the most popular among traders in England and other European countries, and American stock market players also enjoy trading it. In total, GBPUSD accounts for approximately 12% of all transactions on the foreign exchange market.

The GBPUSD quote 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'll need a fairly large amount to purchase one lot.

A pip is still worth $10, and the current exchange rate is 1.6820.

Moreover, the pair has a low spread, like other dollar-denominated instruments. The average spread for GBPUSD across brokers ranges from 1.5 to 4 pips.

Specifics of trading GBPUSD:

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

Sometimes, the GBP/USD exchange rate moves over 200 pips in a single day, and on average, the pair moves 100-150 pips daily.

The main trading time is, of course, the European trading session , when British traders enter the market. Activity slows significantly during the Asian trading session, down to 30-50 pips.

The GBPUSD exchange rate is directly influenced by three factors: news from the US, 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, hard and fast rules cannot be applied.