GBPUSD - British Pound / US Dollar
Trading Conditions
* Only if Margin Level > 100%
** Abnormal market conditions refer to Section 10.6 in Order Execution Policy of FxPro Financial Services Ltd, in point 10.7 in Order Execution Policy of FxPro UK Limited and in point 10.6 in Order Execution Policy of FxPro Global Markets Ltd.
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
Fixed spreads shall only apply for ‘Instant Orders;’ all other order types shall be subject to the Order Execution Policy.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/USD currency combination is one of the oldest and most widely traded pairings in the world. It is considered one of the ‘four majors’ and it has gained exponential popularity. It is commonly termed as ‘The Cable’, in reference to the transatlantic communication cable that once transmitted currency prices between these two globally important economies. The pairing remains a favorite for everybody; from the most novice investor to the most experienced professional investors.
The volatility of GBP/USD may be up to 130 points per session. Especially often this pair is traded in the European and American trading sessions. As a rule, London trading sessions are distinguished by their special dynamism and active movement. The lowest liquidity for this pair is observed in the Asian session with the daily average about 30 points. Therefore, for beginners, it is preferable to trade precisely in this time period.
If you are interested in trading the GBP/USD currency pair, contact FxPro today.