Pound-to-dollar price – GBP/USD Forex Chart

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In this section, you can learn the current pound/dollar currency pair price. Below you can see the current chart, which displays the dynamics of changes in GBP/USD quotes on different timeframes in real-time. The chart simplifies the work in the Forex market, because thanks to the graphical data, you can monitor the current and historical values of the pair online in a convenient and accessible way.


The British pound (GBP) is the main monetary unit of the United Kingdom, which is regulated and administered by the Bank of England.

GBP/USD Chart Online

GBP/USD forecast for different timeframes

The GBP/USD price forecast is given based on a technical analysis of moving averages and indicators for each timeframe (interval) separately. Choose the interval that suits you.

NOTE!

Signals may differ on different timeframes. If you want to hold a position for more than a week, it is preferable that you use signals on the daily and weekly timeframes. For short-term trades, timeframes from 5 minutes to 1 hour are better suited.

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Traders Union expert opinion on the pound-to-dollar (GBP/USD) price on Forex

The pound-to-dollar currency pair holds an important place in the Forex market because according to the latest statistics, it accounts for about 11% of the total trading volume. According to this indicator, GBP/USD is inferior only to EUR/USD and USD/JPY. The thing is that the UK is the largest financial center in the world and one of the most open economies for investment.


According to the Traders Union survey among successful traders, GBP/USD is included in the group of currency pairs that professionals choose for trading. It's all about high liquidity and low spreads. Not only is position trading rendered probable, but also scalping and intraday trading with the best spreads and minimum slippage.


The British Pound (GBP) against the US dollar (USD) pair is also well suited for trading with expert advisors. In automated Forex trading, liquidity often plays the decisive role.


Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest exchange rates online

FAQs

Why does the price of the British pound to the US dollar vary for different timeframes?

Such a situation may arise since the signals are based on the dynamics of moving averages and other indicators for technical analysis for each timeframe separately. It is quite possible that long timeframes can show one direction, and short ones, the opposite.

What is the best time frame to trade GBP/USD?

When choosing a timeframe, be guided by your strategy. For intraday trading, professional traders usually use timeframes from 5 minutes to 1 hour. For trades with a perspective of several days to several months, it is preferable to use timeframes from 5 hours to 1 week.

What impacts the GBP/USD price?

As with the other currency pairs, the price of the British pound to the US dollar is influenced by the policy of the central banks of those countries on interest rates, data on inflation, GDP, trade balance, and employment.

Will the pound against the dollar reach parity?

So far, analysts do not see such a prospect. However, factors such as the weakening of the pound sterling and its growth against the dollar may appear on the horizon in several years. We recommend that you follow the current recommendations on the Traders Union website to be always up to date.