GBP/USD, known as "Cable", is one of the more volatile major pairs and is especially active during the London session when UK data and Bank of England news land.
Wider daily ranges than EUR/USD reward patience but punish tight stops, so position size should be set from the stop distance.
Prices are indicative and for information only. Your broker's prices may differ.
Relative rate expectations are the core driver.
Releases at 07:00 UTC can move the pair sharply at the London open.
Budget announcements and political events have produced outsized sterling moves in the past.
London open (07:00-10:00 UTC) and the overlap with New York are the most active windows.
The nickname dates back to the 1800s when the exchange rate was transmitted between London and New York by transatlantic telegraph cable.
Typically yes: its average daily range is usually wider, so stops generally need to be wider and position sizes smaller.
The London session, particularly the first few hours and the overlap with New York.
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