British Pound / US DollarGBP/USD

GBP/USD, nicknamed 'Cable', shows how many US dollars one British pound is worth. It is one of the most heavily traded major pairs and tends to be more volatile than EUR/USD, with wider intraday ranges. Its price reacts strongly to Bank of England and US Federal Reserve rate decisions, UK inflation and employment data, and shifts in risk sentiment. Liquidity peaks during the London and New York sessions. Because of its larger swings, use a stop-loss and size positions carefully — leverage magnifies both gains and losses.