The GBP/USD (GBPUSD), commonly known as "Cable," is one of the world's most actively traded currency pairs, representing the exchange rate between the British pound (GBP) and the U.S. dollar (USD). It is one of the oldest Forex pairs and is widely followed by traders due to its liquidity, volatility, and sensitivity to economic and political events.
The GBP/USD exchange rate is primarily influenced by monetary policy decisions from the Bank of England (BoE) and the U.S. Federal Reserve (Fed), as well as inflation, interest rates, employment data, GDP growth, and political developments in the United Kingdom and the United States. Known for its larger daily price swings compared to many other major currency pairs, GBPUSD remains a popular choice for both short-term traders and long-term investors.
This page provides GBP/USD forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
GBP/USD (GBPUSD)
The GBP/USD exchange rate is primarily influenced by monetary policy decisions from the Bank of England (BoE) and the U.S. Federal Reserve (Fed), as well as inflation, interest rates, employment data, GDP growth, and political developments in the United Kingdom and the United States. Known for its larger daily price swings compared to many other major currency pairs, GBPUSD remains a popular choice for both short-term traders and long-term investors.
This page provides GBP/USD forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
Trading Specifications GBP/USD
ℹ INFO
| Specification | Details |
|---|---|
| Symbol | GBP/USD (GBPUSD) |
| Asset Class | Major Forex Currency Pair |
| Base Currency | British Pound (GBP) |
| Quote Currency | U.S. Dollar (USD) |
| Min. Price Increment | 0.0001 (1 pip) |
| Trading Hours | 24 hours, Monday–Friday |
| Most Active Trading Period | 12:00–16:00 UTC (London–New York session overlap) |
| Key Market Drivers | Bank of England decisions, Federal Reserve policy, UK CPI, U.S. CPI, NFP, GDP |
| Correlation | Generally inversely correlated with the U.S. Dollar Index (DXY) |
Forward Points
B6Z26 (Dec '26)
Dec 2026
1.00 pips
B6H27 (Mar '27)
Mar 2027
2.50 pips
B6M27 (Jun '27)
Jun 2027
-16.50 pips
B6U27 (Sep '27)
Sep 2027
-23.50 pips
Marginal Data GBP/USD
Margin
$1700
2026-11-02
Point Cost
$6.25
per 1 pp
Points
272 pp
margin / cost
Economic Calendar (High Impact Events) GBP/USD
Current Week (02.11–08.11)
| Time | Event | Cur. | Actual | Forecast | Prev. | Eff. |
|---|---|---|---|---|---|---|
| 02.11 18:00 | ISM Manufacturing PMI | USD | 54.7 | 54.5 | — | |
| 03.11 18:00 | JOLTS Job Openings | USD | 6.779 M | 7.079 M | — | |
| 04.11 16:15 | ADP Nonfarm Employment Change | USD | 64 K | 90 K | — | |
| 04.11 18:00 | ISM Non-Manufacturing PMI | USD | 55.2 | 54.9 | — | |
| 04.11 18:30 | EIA Crude Oil Stocks Change | USD | -2.481 M | -1.892 M | — | |
| 05.11 15:00 | BoE Interest Rate Decision | GBP | 4.00% | — | ||
| 05.11 16:30 | Initial Jobless Claims | USD | — | |||
| 05.11 17:15 | BoE Governor Bailey Speech | GBP | — |
Latest Analysis Threads GBP/USD
- GBPUSD Analysis for November 2, 202602.11.2026
- GBP Forecast for October 30, 202630.10.2026
- GBP Analysis for September 30, 202630.09.2026
- GBP/USD Market Analysis for August 13, 202613.08.2026
- GBPUSD Forecast for July 30, 202630.07.2026
- GBP Analysis for July 28, 202628.07.2026
- GBP Forecast for July 27, 202627.07.2026
Latest News GBPUSD
GBP/USD Price Forecast: Sticks to bullish near 1.3400 ahead of BoE decision on Wednesday [02.11.2026]
The GBP/USD pair attracts some dip-buyers at the start of a new week and climbs back to the 1.3400 mark during the Asian session, stalling its modest pullback from the highest level since September 16 set on Friday.
Euro strengthens above 1.1150 as Eurozone GDP beats forecasts, US midterm election looms [02.11.2026]
The EUR/USD pair gathers strength to near 1.1175 during the early European trading hours on Monday. The Euro (EUR) edges higher against the US Dollar (USD) as the Eurozone and German Gross Domestic Product (GDP) data beat forecasts in the third quarter (Q3).
AUD/USD Price Forecast: Holds above 0.7000; 100-day EMA holds the key ahead of RBA [02.11.2026]
The AUD/USD pair shows minor downward movement at the start of a new week, trading near the 0.7020 region, down around 0.15% for the day during the Asian session. Traders, however, might refrain from placing fresh directional bets ahead of the Reserve Bank of Australia (RBA) decision on Tuesday.
New Zealand Dollar weakens following China’s RatingDog Manufacturing PMI data [02.11.2026]
NZD/USD extends its losses for the second successive day, trading around 0.5620 during Asian hours on Monday.
British Pound steadies near 1.3400 amid BoE rate hike expectations [02.11.2026]
The GBP/USD pair holds steady near 1.3390 during the Asian trading hours on Monday. Traders prefer to wait on the sidelines ahead of the key events later this week. The Bank of England (BoE) interest rate decision will be in the spotlight on Thursday.
British Pound hovers around 1.34 as BoE hike bets outshine Fed doubts [30.10.2026]
The Pound Sterling drifts higher against the US Dollar by 0.04% as traders seem confident that the Bank of England (BoE) will raise rates next week, while traders trim hawkish bets on the Fed despite solid US data released on Thursday. The GBP/USD trades near 1.3400.
Buy the British Pound as the Bank of England Turns Hawkish [30.10.2026]
March British pound futures present a buying opportunity on more price strength.
FAQ GBP/USD
What is GBP/USD (GBPUSD)?
GBP/USD is the exchange rate between the British pound and the U.S. dollar. It is one of the world's most traded currency pairs and is commonly known as "Cable."
Why is GBP/USD called Cable?
The nickname "Cable" dates back to the 19th century, when exchange rates between London and New York were transmitted through a transatlantic telegraph cable.
What moves the GBP/USD exchange rate?
GBP/USD is mainly driven by Bank of England and Federal Reserve decisions, inflation, interest rates, employment data, GDP, and political developments in the UK and the United States.
Why is GBP/USD more volatile than EUR/USD?
GBP/USD often experiences larger price swings because the British pound is more sensitive to domestic political events, while the pair generally has lower trading volume than EUR/USD.
When is GBP/USD most active?
The highest trading activity usually occurs during the London–New York session overlap, when liquidity is highest and major economic news is released.
Can technical analysis be used to trade GBP/USD?
Yes. GBP/USD responds well to support and resistance levels, moving averages, RSI, MACD, and other technical indicators, although major economic or political news can quickly change market direction.
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