The British Pound Sterling against the United States Dollar (£/$) –Nickname Cable

GBPUSD ANALYSIS

The British Pound Sterling against the United States Dollar (£/$) –Nickname Cable

CENTRAL BANK

BoE

FED

FOREIGN CURRENCY RESERVES

10.135 Million USD

41.901 Million USD

 

GBPUSD Preface:

GBPUSD is one of the three most liquid pairs worldwide along with EURUSD and USDJPY. Historically, GBPUSD shows a positive correlation with EURUSD and negative correlation with USDCHF.

Note: The Bank of England (BoE) holds only 10.135 million USD in Foreign Currency Reserves but the UK Central Government holds 72.092 million USD in Foreign Currency Reserves.

 

GBPUSD Monthly Statistics:

These are the monthly average returns of GBPUSD based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES

(↑)

TIMES

(↓)

AVERAGE DAILY VOLATILITY

JANUARY

-0.09%

6

8

0.824%

FEBRUARY

-0.87%

7

8

0.770%

MARCH

-0.26%

8

7

0.748%

APRIL

1.43%

13

2

0.684%

MAY

-0.56%

4

11

0.737%

JUNE

0.94%

10

5

0.767%

JULY

0.32%

7

8

0.695%

AUGUST

-0.95%

5

10

0.688%

SEPTEMBER

0.48%

9

6

0.761%

OCTOBER

-0.13%

8

7

0.804%

NOVEMBER

-0.47%

5

10

0.801%

DECEMBER

0.36%

6

9

0.748%

 

Best Months to Trade the GBPUSD:

()-LONG TRADES

According to data during 2000-2014 the best months to go long on GBPUSD are:

→ APRIL, with positive average returns +1.43%

→ JUNE, with positive average returns +0.94%

→ SEPTEMBER, with positive average returns +0.48%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on GBPUSD are:

→ AUGUST, with negative average returns -0.97%

→ FEBRUARY, with negative average returns -0.87%

→ MAY, with negative average returns -0.56%

 

GBPUSD Monthly Statistics Chart:

This is the GBPUSD Monthly Performance Chart.

Chart: GBPUSD Average Returns (%) per Calendar Month

Most Volatile Days of the Week to Trade the GBPUSD

These are the most volatile days to trade GBPUSD based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

150 pips

170 pips

150 pips

170 pips

180 pips


Best Intraday Times to Trade the GBPUSD:

The best time to trade GBPUSD based on average historical volatility occurs between 08.00 GMT and 15.00 GMT.

 

Forex Brokers and GBPUSD Trading

These are some GBPUSD Forex Brokers.

FOREX BROKER

GBPUSD SPREADS

GBPUSD SWAPS

PLATFORMS

ACCOUNT

INFORMATION

» IC MARKETS

REGULATED BY:

ASIC (Australia)

US TRADERS: NO

GBPUSD SPREADS:

1.0-1.5 pip

 
 (N/A)

□ MetaTrader4

□ cTrader

SCALPING: YES

$200 Minimum Deposit Amount

WELCOME BONUS:

0%

WEB-SITE:

Visit IC Markets

REVIEW:

Review

» HOTFOREX

REGULATED BY:

FCA UK, CySEC, MiFID

US TRADERS: NO

GBPUSD SPREADS:

2.3 pips Fixed

 

LONG (↑)

$ -0.46

SHORT (↓)

$ -0.20

□ MetaTrader4

□ WebTrader

SCALPING: YES

$50 Minimum Deposit Amount

WELCOME BONUS:

40-100%

WEB-SITE:

Visit HotForex

REVIEW:

Review

» XM

REGULATED: FSA UK, CySEC, ASIC, MiFID

US TRADERS: NO

GBPUSD SPREADS:

2.6 pips

 

LONG (↑)

$ -0.68

SHORT (↓)

$ -0.04

□ Web Trader

□ MirrorTrader

□ MetaTrader4

SCALPING: YES

$50 minimum deposit

WELCOME BONUS:

40-100%

WEB-SITE:

Visit XM

REVIEW:

Review

 

PAIRS: » EURUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD 

 

GBPUSD ANALYSIS

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