GBP/USD trading is available 24 hours a day from Monday to Friday, aligning with the global forex market hours. The most active trading periods are during the overlap of the London and New York sessions. Please see the GBPUSD contract details for spread, swap, and other specifics.
Taking a short position in GBP/USD means you are selling the British pound and buying the US dollar. This indicates you expect the value of the GBP to decrease relative to the USD. For example, if you short GBP/USD at 1.30 and the price falls to 1.29, you profit from the 1 cent decrease. However, if the price rises, you experience a loss.
Conversely, taking a long position in GBP/USD means you are buying the British pound and selling the US dollar. This indicates you expect the value of the GBP to increase relative to the USD. For example, if you long GBP/USD at 1.30 and the price rises to 1.31, you profit from the 1 cent increase. However, if the price falls, you incur a loss.
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The value of GBP/USD is influenced by several key factors, including interest rate differentials between the US and the UK, economic data releases, and political events.
For example, if the Federal Reserve increases interest rates while the Bank of England maintains low rates, the USD may strengthen against the GBP, driving the GBP/USD pair lower. Similarly, positive US economic data, such as higher GDP growth, can also decrease GBP/USD.
Global markets entered 2026 with a cautiously optimistic tone, as major currencies stabilized while precious metals extended their exceptional rallies.
Global markets ended the year with mixed performance as the euro held near 1.1740 during thin year-end trading, supported by the ECB’s pause on rate cuts and expectations of a softer US rate path under a potential Fed leadership change.
Detail Policy Expectations Support FX (12.30.2025)Global markets saw holiday volatility as the euro held near $1.18 on ECB-Fed policy divergence and the pound hit a three-month high above $1.35 against a weaker dollar.
Trump voiced cautious optimism over peace progress with Zelenskiy despite unresolved issues in eastern Ukraine and indicated a willingness to engage Russia and Europe in upcoming negotiations.
The euro held above 1.17 near multi-month highs as stable ECB policy, improved growth forecasts, and softer US inflation supported the single currency.
Global commodity markets rose on geopolitical tensions, with Brent crude holding near $62 per barrel as US intervention in Venezuelan oil and Black Sea infrastructure attacks offset rising US inventories.
EUR/USD extended its advance toward 1.1780, maintaining a strong bullish structure despite momentum nearing overbought levels.
EUR/USD advanced after the ECB signaled confidence in current policy settings, while a cautious Federal Reserve weighed on the US Dollar.
EUR/USD eased after the ECB held rates and signaled limited urgency for further easing, while the Yen weakened despite a BOJ rate hike.
EUR/USD remains in a firm uptrend despite a minor pullback, supported by sustained euro demand and broad dollar weakness. The Yen softened on rising fiscal risks in Japan, while gold eased from recent highs as the dollar rebounded.
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