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GBP/USD overview
Overview
Costs & Margins
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GBP/USD is the ticker for the British pound against the US dollar in the forex market. It gives traders the current exchange rate between the two currencies, showing how many US dollars are needed to buy a single British pound.
GBP/USD is one of the oldest traded currency pairs, set up in 1866. It’s often known as ‘Cable’ in reference to the transatlantic cable that once transmitted information between the London and New York exchanges.
By volume, GBP/USD is the third most traded currency pair in the world according to the Triennial Central Bank Survey 2019 – accounting for 9.6% of global FX trading.
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Margin From0 %
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Trading Hours24 hours / day *
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Min Trade Size1
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Long870.54
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Short-1306.54
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Min Stop Distance0.0 Points
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Guaranteed Order Minimum8.0 Points
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Guaranteed Order Premium3.0 units of quantity
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Spreads
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Spreads From0.00011 Points
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Margins
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StepMargins
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Dealing
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Spreads0.00011 Points
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Guaranteed Order Min Distance8.0 Points
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Margins
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StepMargins
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