This pairing is one of the oldest currency pairs on the market. This was pair was transmitted down the first transatlantic communication cable, which is the reason behind its nickname as "The Cable". It’s a traders' favorite, and despite the comparatively small size of the UK economy, it still accumulates a great deal of interest. The GBP/USD is one of the "Major" currencies on the market, and tends to correlate negatively with the USD/CHF pair, while moving positively with the EUR/USE pair. The sterling is one of the most liquid currencies in the Forex arena.
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HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.