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AuthorAuthor: Chris Cammack
Updated: March 9, 2022
Last Updated On March 9, 2022
Chris Cammack

GBP/USD Background

The GBP/USD is one of the oldest and most traded currency pairs in the world. One of the major currency pairs, the price movement of the GBP/USD is primarily driven by economic developments in the UK and the USA.

Because it is one of the heaviest traded currency pairs, the GBP/USD is less volatile than many currency pairs, especially minors and exotics, and spreads are generally tight – averaging about 1.5 pips. The best time to trade the GBP/USD is in the crossover between the New York and London markets, as this is the time when the price movement is most active.

Common events that affect the price movement of the GBP/USD are major announcements on interest rates by the Bank of England and the Federal Reserve and the release of economic data that measures the economic health of the United Kingdom and the USA. The most-watched data includes employment rates, GDP growth and business confidence levels. The USD is also the world’s foremost haven currency, so the USD tends to strengthen against the GBP during economic downturns and times of financial instability.

The table below shows the Forex brokers with the lowest trading costs for GBP/USD, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of GBP/USD.

Best GBPUSD Forex Brokers

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Overall Rating
Official Site
Min. Spread
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
4.51 /5
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89%74- of retail CFD accounts lose money
0.60 pipsUSD 0USD 61.50 pipsUSD 19.52200:1FCA Regulated Forex BrokersASIC BrokersCySEC Regulated BrokersDFSA Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets AuthorityNDD
4.69 /5
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68% of retail CFD accounts lose money
2.38 pipsUSD 0USD 23.801.50 pipsUSD 19.52200:1FCA Regulated Forex BrokersASIC BrokersFinancial Services Conduct AuthorityBundesanstalt für FinanzdienstleistungsaufsichtFinancial Markets Authority of New ZealandDFSA Regulated Forex BrokersFinancial Services AgencyCommodity Futures Trading AssociationMarket Maker
4.58 /5
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70.3% of retail CFD accounts lose money
2.60 pipsUSD 0USD 261.50 pipsUSD 19.52300:1FCA Regulated Forex BrokersCySEC Regulated BrokersASIC BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionMarket Maker
4.48 /5
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70% of retail CFD accounts lose money
0.30 pipsUSD 4USD 71.50 pipsUSD 19.52500:1CySEC Regulated BrokersFCA Regulated Forex BrokersLabuan Financial Services AuthorityFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthorityDFSA Regulated Forex BrokersSTP
IC Markets
4.46 /5
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70.81% of retail CFD accounts lose money
0.83 pipsUSD 0USD 8.301.50 pipsUSD 19.52500:1CySEC Regulated BrokersASIC BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasECN/DMA
4.49 /5
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76% of retail CFD accounts lose money
1.50 pipsUSD 0USD 151.50 pipsUSD 19.52400:1ASIC BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services AuthorityMarket Maker
4.35 /5
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75.33% of retail CFD accounts lose money
0 pipsUSD 0USD 00 pipsUSD 01000:1CySEC Regulated BrokersASIC BrokersDFSA Regulated Forex BrokersInternational Financial Services CommissionFinancial Services Conduct AuthorityMarket Maker
4.34 /5
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75.6% of retail CFD accounts lose money
1.40 pipsUSD 0USD 141.50 pipsUSD 19.52500:1FCA Regulated Forex BrokersASIC BrokersFinancial Markets Authority of New ZealandDFSA Regulated Forex BrokersFinancial Services Authority – St. Vincent & the GrenadinesECN/DMA
4.43 /5
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N/A of retail CFD accounts lose money
0.73 pipsUSD 7USD 14.301.50 pipsUSD 19.52500:1ASIC BrokersSecurities Commission of the BahamasFCA Regulated Forex BrokersCySEC Regulated BrokersMarket Maker NDD
4.43 /5
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72.90% of retail CFD accounts lose money
1.70 pipsUSD 0USD 171.50 pipsUSD 19.521000:1CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex BrokersFinancial Services CommissionThe Seychelles Financial Services AuthoritySTP

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