GBP/USD
This currency pair is also known as ‘cable’ owing its name to the undersea cable that transmitted prices between London and New York many years ago

GBP/USD Market Influences
Interest rates play a major role when the idea of evaluating one currency against another comes in to play. The interest rate determines the capacity of earning for a particular currency. Inflation influences the interest rates greatly. If interest rates of a country are rising because of a healthy economic growth that is a positive sign for the currency. It has to be kept in mind that the value of a particular currency always reflects its buying power..
Product Specifications and Information
Product Name | GBP/USD |
Trading Exchange | Spot |
Minimum Fluctuation | 0.00001 |
Spread | 1.8 pips |
Lot Size | 100,000 |
Trading Hours | Sunday 21.03 to Friday 20.58 GMT Time |