GBP/USD

View indicative pricing and leverage information for GBP/USD.

Price Chart

GBP/USD chart

Price 1.32924
Change % -0.10%
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GBP/USD market insights

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GBP/USD overview

Overview
Costs & Margins

  • GBP/USD is a forex pair comprising of the Great British pound and the US dollar. It tells you the current exchange rate of USD into GBP – or how many dollars you’d need to buy a single pound.

    The pair is nicknamed ‘Cable’, as a submarine cable under the Atlantic Ocean was used to transmit the current exchange rate for the pair. Today it is one of the four top-traded FX pairs on the markets, alongside EUR/USD, USD/JPY and AUD/USD.

    GBP/USD is one of the oldest FX pairs, first quoted back in 1866. It tends to trade with a positive correlation to EUR/USD.

  • Margin From
    3.33 %
  • Trading Hours
    24 hours a day, 7 days a week
  • Min Trade Size
    1000
  • Long
    -1.04
  • Short
    -0.70
  • Min Stop Distance
    0.0 Points
  • Guaranteed Order Minimum
    0.0008 Points
  • Guaranteed Order Premium
    0.0003 percentage of consideration
  • Spreads
  • Spreads From
    0.00011 Points
  • Margins
  • 0 - 48000 000
    3.33 %
  • 48000 000 +
    20.0 %
  • Dealing
  • Spreads
    0.00011 Points
  • Guaranteed Order Min Distance
    0.0008 Points
  • Margins
  • 0 - 48000 000
    3.33 %
  • 48000 000 +
    20.0 %

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Gold and silver trading explained

What is the minimum and maximum trade size for metals?

The minimum lot size for gold is 10 troy oz, which is a quantity of 1, and the minimum for silver is 500 troy oz, which is also a quantity of 1 on the FOREX.com platform.



The maximum order size varies by market. You can view a market's minimum and maximum volume through the platform.
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Is there an expiry date on spot gold and silver contracts?

There is no expiry date when trading spot gold and silver. As long as you maintain the required margin, your position will remain open until you choose to close it. As with forex positions, open gold and silver positions automatically roll forward to the next day's value date following the close of NY trading at 5pm ET.
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How are metals traded?

Gold (XAU) and silver (XAG) are traded as spot. Spot gold is offered as XAU/USD, XAU/EUR, XAU/GBP, XAU/CHF, XAU/GBP, XAU/JPY and XAU/AUD. The symbol for spot silver is XAG/USD. Copper, palladium, and platinum are traded as CFD futures.
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Trading screen on FOREX.com showing EUR/USD trading chart with market headlines