GBP/USD Live Chart Forex Trading FOR…. 1.13772. -4.0. Overview. Costs & Margins. Also known as cable, GBP/USD is a staple for many FX traders and was once the most traded forex pair in the world. In 2007, the GBP/USD traded at an all-time high above 2.10, but lost a third of its value as investors flocked to the U.S. dollar.
GBP/USD, also known by its nickname cable, represents the amount of USD that can be purchased with one British pound. GBP was pegged to the US dollar in 1940 and became part of the Bretton Woods system which governed post-war exchange rates, and with the collapse of the system the pound became free-floating in 1971. Historically, the pound and the US dollar.
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