GBPUSD

GBP/USD, often referred to as “Cable,” represents the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD). It’s one of the most actively traded currency pairs in the forex market due to the economic significance of both the UK and the US. The pair is influenced by factors such as interest rate decisions from the Bank of England and the Federal Reserve, economic data (like GDP, inflation, and employment reports), and political developments such as Brexit negotiations or US fiscal policies. A strengthening pound or weakening dollar pushes the pair higher, while a stronger dollar or weaker pound drives it lower. The pair is known for its volatility and liquidity, making it popular among traders.