This means that buying a pound, we pay a certain amount of dollars and vice versa.

In terms of trade in a couple of pound-dollar takes 3rd place in the global foreign exchange market (about 12% of total turnover). This pair is also called "cable". Because the pound is very volantilen and unpredictable movement of this currency pair, as a rule , short-term and unstable. Spread - 3 points.

The amplitude of daily fluctuations - within about 130 points. Low liquidity can be observed mainly in the Asian session (30 points). Many speculators prefer the pair EUR / USD. Although the pound is often repeated movements euro, but not always. When the news regarding the name of the British pound, the movement of GBP / USD changes dramatically. For example, changing the interest rate the Central Bank of England, etc.

In general, the pound moves parallel to the euro and Swiss franc. It is important to remember that the pound is inadequate, often opposite, reacts to the news on the "cable". It is therefore not recommended for beginners to start trading with a pair GBP / USD.

Britain - a country where there is a formal monarchy with its own parliament and laws that differ from the majority of the eurozone and the U.S.. Perhaps that is why the currency pair and manifests itself outside the box.

Another important point - a pair GBP / USD, many traders like to swap for a good positive. Of course, everything depends on the dealing center. But if you look, the skillful use of strategies Carry Trade gives quite good results.
Happy trading!

This currency pair - a thunderstorm all beginners. It has caused thousands of lost deposits. It has a very high volatility and is known for its unpredictability. Sometimes it's changing market may reach 5% (500 points). At the trader language called as "cable". His name was not accidental. Long ago, when transmitted over the phone quotes, along the bottom of the ocean between North America and Great Britain stretched the cable that connects them. Since then, a currency pair GBP / USD and the name was fixed cable.

If we consider the motion of a currency pair, then we can conclude that she had much in common with the pair EUR / USD. In most cases, these currency pairs move in one direction. Together and grow together fall. Of course, this is not a fact and there can be exceptions. One of the currency can not move anywhere, but the other will make a landmark ups. And very rarely currency GBP / USD and EUR / USD are isolated. This would involve a large volume of transactions on a pair of cross-rate - EUR / GBP. Either it will be too many sales or purchases.

With the pound should always be careful, since it is unknown what a surprise he will present once again. "Cable" often goes against the news, even when everything seems to be good for the currency rate can fall.

I therefore recommend that beginners especially traders never relax, capitalizing on this currency pair. And if its prediction for you an impossible task - just change a couple. Thus you will once again save their deposit intact.