WHAT IS GBP?
The British pound sterling is referred to as the GBP.
It is the official currency in the united kingdom and its territories of south Georgia, british antarctic territory, south sandwich islands, the isle of man , and the channel islands.
It is one of the major currencies in the world and closely followed by traders around the globe.
WHAT IS USD?
USD is the official currency of the US.
The full form of USD is the united state dollar.
Where, ‘U’ stand for united .
‘S’ stand for state.
‘D’stand for dollar.
USD is the currency code of US.
It is the first traded currency in the forex market.
WHAT IS GBP USD?
The GBP USD is the abbreviation of the United Kingdom’s pound and the United States dollar.
In this currency pair GBP is base currency and USD is counter currency.
This currency pair shows how much USD is needed to measure one pound.GBP to USD currency pair exchange rate we can show in gbp usd live forex chart.
Through the help of this chart we can see the exchange rate and can trade more actively and volatilely.
Watch : GBP USD Live Chart
WHY GBP TO USD IS IMPORTANT TO TRADE?
The GBP to USD exchange rate is one of the most liquid currency pairs in the foreign exchange market.
To see narrow bid ask spreads, volume and volatility we can find why GBP USD is so popular to trade.
GBP USD is one of the most cash rich currency pairs available in the forex market.
It is also the third most traded currency globally.
Watch : GBPUSD Live Chart
WHAT GBP USD TRADING HOUR IS?
However, the forex trading markets are open 24 hours a day and 5 day in a week.
But the best time to trade GBP to USD trading pairs is between 06.00 and 16.00 (GMT).
Because at that time the forex market is more volatile to trade GBP USD currency pairs.
Watch : GBP/USD Live Chart
WHAT FACTOR AFFECT THE GBP USD?
Many people want to know what factors affect the GBP USD pair.
So there are many factors which affect the GBP TO USD exchange rate like change in GDP, employment, interest rates,inflation rates and other political shifts within the domestic economy and monetary policy changes also affect the GBP to USD exchange rate.
So while going to trade GBP USD pairs the trader has to look at gbp usd exchange rate history.
To look at history any one can trade easily and effectively.
Watch More Realtime Live Charts From Forex Vip Trading