GBP/USD Forex Pair Basics - What it is and How to Trade it

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The GBP/USD Forex pair consists of the currencies of two of the leading global economies - the British Pound and its abbreviation GBP (meaning Great Britain Pound) with the U.S. Dollar, aka USD.

Trading the pound, aka the "Cable", the GBP/USD has a place in the the top five most-widely traded global currency pairs. It's price is impacted by the value of the British pound and/or the U.S. dollar, their economies and political circumstances. But perhaps the most important factor that impacts forex trading is the interest rate differential between cental banks of the two countries whose currencies form this forex pair: The Federal Reserve (the Fed) and the Bank of England (BoE).

One scenario would have the BoE intervene in market activities to make the pound stronger, then the price of the GBPUSD pair could increase, because of the added strength to the British Pound compared to the U.S. Dollar.

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[tradingforaliving]

Thanks for this well explained video... Even after years it's still relevant today I'm grateful

[Kingrobledojr]

So when I buy something from the uk my money is being traded into us money for them to use correct or false