Forex Currency - The Great British Pound – GBP


The Great British Pound, also known as Pound Sterling, is among the top most traded currencies in the forex market. The GBP also acts like a large reserve currency, because of its relative value compared to other major global currencies. The U.K is an official member of the European Union currently, but its planned exit is due to go through in March 2019. It has chosen not to adopt the Euro as its official currency for various reasons, particularly to maintain control of domestic interest rates, and historic pride in the pound.


That is the reason why a lot of Forex traders will base the value of the Great British Pound with the political stability of its government and the overall strength of the British economy. The high value of the pound relative to other currencies, means that it is a crucial currency benchmark for a lot of countries, since it acts as a very liquid component in the forex market.

FOREX currency trading

Did you know?

Did you know the coins and currency-pairs have nicknames? The British Pound is called sterling. The EUR/GBP pair is nicknamed Chunnel, the the GBP/USD pair is Cable and the GBP/JPY pair is called Gopher.

See the latest analysis of the GBP pairs


buy + sell

GBP/JPY | Any | M15 Timeframe: M15 Analysis Method: S+D Analysis: might work, might not Things To Watch For: GBP NEWS 7AM (UK)

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GBP/JPY M30 supply and demand and BOS

gbp/jpy short

GBP/JPY | Short | M30 Timeframe: M30 Analysis Method: supply and demand and BOS Analysis: it is what it is

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GBP/CAD M15 order block


GBP/CAD | Long | M15 Timeframe: M15 Analysis Method: order block Analysis: the low order block has not been mitigated yet and the sell off

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GBP/CAD H1 Price action - Patterns


GBP/CAD | Long | H1 Timeframe: H1 Analysis Method: Price action – Patterns Analysis: Price may present an opportunity to go long from that area

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