GBP/USD Spread Betting
Indicative GBP/USD prices:
Click on the tabs for key stock market indices, forex and equities markets.
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Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
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A price comparison table covering GBP/USD and other popular forex markets:
| EUR / USD Daily - Spread Size |
1 |
1 |
1 |
2 |
0.8 |
1 |
1 |
1 |
| EUR / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| GBP / USD Daily - Spread Size |
2 |
2 |
2 |
3 |
0.8 |
2 |
2 |
2 |
| GBP / USD Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| EUR / GBP Daily - Spread Size |
1 |
2 |
2 |
1 |
1 |
1 |
1 |
2 |
| EUR / GBP Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| USD / JPY Daily - Spread Size |
0.8 |
2 |
1 |
2 |
0.8 |
0.8 |
0.8 |
2 |
| USD / JPY Daily - Min Stake |
£1 |
£0.50 |
£0.50 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
Where Can I Spread Bet on GBP/USD? |
Investors can trade GBP/USD through an account with any of the following spread betting companies:
GBP/USD Market Analysis and Trading News
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| 23-May-13 |
[8:25am] We saw dollar gains across the board yesterday, including in the cable pair, although this did find strong support just above $1.50, a key level for the pair.
If this level is broken, it should prompt a move back towards the year's lows of $1.4830, with the next target after that being $1.44.
With the Fed now threatening to pull the plug on QE, I only see the dollar getting stronger in the longer-term.
As a result, I'm even more bearish on this pair than I was before.
We're currently seeing a little bit of consolidation at the moment, trading around that $1.50 level, but I don't expect it to hold for long.
The consolidation could lead to a flag formation, but in my view that will only delay the inevitable break of this level.
If we do see a break lower, then the pair should find support below here around $1.4980, $1.4940 and $1.49.
Update by Craig Erlam, Market Analyst, 
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| 23-May-13 |
[7:38am] GBP/USD Technical Analysis (30 mins chart)- GBP/USD pivot point: $1.5110
- Our preference: SHORT positions below $1.511 with $1.5 & $1.4955 as next targets.
- Alternative scenario: The upside breakout of $1.511 will open the way to $1.5155 & $1.522.
Comment: the pair stands below its resistance and remains under pressure, the RSI stands around its neutrality area.
Update by 
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| 23-May-13 |
[5:34am] GBP/USD Technical Analysis:
The pound continues to remain weak with the key support remaining at $1.5020/30 level. A break below here suggests that we could well see a move back to this year’s lows at $1.4830.
We need to see a move back through $1.5280 and this week's high to stabilise and suggest a move back to the $1.5400 leve
Update by Michael Hewson, Senior Market Analyst, 
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| 23-May-13 |
[4:14am] GBP/USD closed lower on Wednesday and the low-range close sets the stage for a steady-to-lower opening when Thursday's session begins trading. Stochastics and the RSI remain neutral-to-bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, March's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted.
Update by 
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| 23-May-13 |
[4:00am] The GBP is trading marginally lower against the USD at $1.5031, 0.1% down against the EUR at €1.1701, and 0.1% weaker against the JPY at ¥154.96. Investors look ahead to the release of UK's GDP and Index of Services data to get further direction.
The EUR is trading marginally higher against the USD at $1.2846 and 0.1% down against the JPY at ¥132.43. Investors await the release of PMI manufacturing data from the Eurozone, France and Germany.
The USD is trading higher against most of its major peers, before the release of US data that is forecasted to show that jobless claims decreased in the week ended 17 May and home sales rose in April. These add to the case for the Federal Reserve to reduce its monetary stimulus.
Yesterday, the USD gained against most of its major peers, as minutes of the Fed's latest policy meeting and Chairman Ben Bernanke's comment sparked speculation that the Fed might begin tapering its bond-buying program in its upcoming policy meetings.
The GBP fell against the USD, after Bank of England MPC's recent policy meeting minutes showed that three of the nine members voted in favour of increasing the size of its asset-purchase program.
The CHF weakened against its major rivals after SNB President Thomas Jordan stated that it would maintain the floor rate of 1.20 as long as necessary. However, he did not rule out the possibility of negative interest rates.
The CAD slipped against the USD, after Canada's retail sales was little changed at $39.5 billion in March, following a revised 0.7% increase recorded in the prior month. The figure raised speculation that the Bank of Canada might reverse its bias towards raising interest rates.
Update by Ishaq Siddiqi, Market Analyst, 
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| 23-May-13 |
[4:00am] GBP/USD is trading -$0.0003 (-0.02%) lower at $1.5031.
Update by
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| 22-May-13 |
[4:44pm] Sterling has taken a pounding on the back of today's poor UK retail sales data as it leaves the door open for expanding the UK's QE policy.
And the retail sales data for April just highlights how far the UK economy has to go.
The Australian dollar is off in excess of 1% over fears the commodity-driven economy is slowing down.
Update by David Madden, Market Analyst, 
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» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Advert:
GBP/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/USD with
Financial Spreads.
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Where Can I Spread Bet on GBP/USD for Free? |
By its very nature, forex trading is risky. Nevertheless, if you want to try an entirely free Demo Account, where you can practice your financial spread betting and look at charts, then see below for further details.
Also, don't forget that in the UK, spread betting is tax free*, i.e. there is no stamp duty, income tax or capital gains tax.
If you're trying to find a free forex platform, keep in mind that investors can spread bet on GBP/USD with no brokers' fees and no commissions on platforms like:
If you're looking for a free Demo Account that lets users practice financial spread betting, and speculating on markets like the FTSE 100, USD/JPY, crude oil and GBP/USD, then take a look at:
The above firms currently provide a free Practice Account that investors can use to test trading ideas, apply a range of trading orders and review professional level charts.
Where Can I Find Live Spread Betting Prices and Charts for GBP/USD? |
Please see above for indicative GBP/USD spread betting prices for the daily market.
The real-time CFD trading chart and prices below will also give you a handy view of the GBP/USD market.
The Plus500 chart that we use above is normally based on the underlying GBP/USD futures contract (not the spot market).
Should you want to look at live spread betting prices and charts for GBP/USD, you will probably need a financial spread betting account.
A spreads account will also give you access to the shorter-term daily prices. Please note that opening an account is subject to status.
If your application is accepted then, once logged in, you will be able to look at the up-to-the-minute trading prices and charts. These are usually provided as part of the service. The catch? You'll probably receive the odd boring sales call and/or dull email from your spread betting provider.
Of course, if you decide to trade then, before starting, you should be aware that contracts for difference and financial spread trading do carry a significant level of risk to your capital and losses can exceed your initial deposit.
Professional Charting Packages for GBP/USD |
Whilst the charts can differ from platform to platform, to aid your GBP/USD analysis, they generally come with handy tools such as:
- A large range of time intervals - 1 minute, 15 minutes, 2 hours and so on
- Different display options - candlestick, bar and line charts
- Drawing tools - trendlines, Fibonacci arcs, fans and time zones
- Technical indicators - Exponential Moving Average, Relative Strength Index (RSI), Standard Deviation and so on
The FinancialSpreads charts also come with more advanced aspects:
- BackTesting functions
- Automatic alerts for when a market reaches a certain price
Sample forex chart from Financial Spreads
The following financial spread betting companies give account holders access to real time trading prices/charts:
How to Spread Bet on GBP/USD? |
As with a wide range of markets, an investor can speculate on foreign exchange pairs, like GBP/USD, to rise or fall.
If you look at Financial Spreads, you can see they are currently valuing the GBP/USD Rolling Daily market at $1.60680 - $1.60700. This means that you can put a spread bet on the GBP/USD:
 Going above $1.60700, or
 Going below $1.60680
When spread trading on GBP/USD you trade in £x per point where a point is $0.00010 of the pairs movement. Therefore, should you decide to risk £4 per point and GBP/USD moves 34.0 points then that would be a difference to your P&L of £136. £4 per point x $0.00340 = £4 per point x 34.0 points = £136.
Rolling Daily Foreign Exchange Markets
You should note that this is a Rolling Daily Market which means that unlike a futures market, there is no closing date. If your trade is open at the end of the day, it will roll over to the next trading day.
If a forex spread bet is rolled over then you are normally charged a small financing fee. For a more detailed guide to Rolling Daily Markets, including look at charges and a fully worked example, please read our feature Rolling Daily Spread Betting.
GBP/USD Rolling Daily - Forex Spread Trading Example |
So, if we consider the above spread of $1.60680 - $1.60700 and make the assumptions:
- You have completed your market research, and
- You feel that the GBP/USD market will push higher than $1.60700
Then you might choose to buy at $1.60700 for a stake of £3 per point.
This means that you win £3 for every point ($0.00010) that the GBP/USD FX rate increases above $1.60700. Of course, you will lose £3 for every point that the GBP/USD market decreases lower than $1.60700.
Put another way, should you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
Therefore, if after a few sessions the rate started to increase then you might think about closing your trade in order to lock in your profit.
So if the market rose then the spread, set by the spread trading firm, might move up to $1.61222 - $1.61242. You would settle your position by selling at $1.61222. As a result, with the same £3 stake your profit would come to:
P&L = (Final Level - Initial Level) x stake
P&L = ($1.61222 - $1.60700) x £3 per point stake
P&L = $0.00522 x £3 per point stake
P&L = 52.2 points x £3 per point stake
P&L = £156.60 profit
Foreign exchange trading, by spread betting or otherwise, is not easy. In the above example, you had bet that the forex pair would rise. Naturally, the rate can also decrease.
If the GBP/USD rate had started to fall then you might choose to close your spread bet to limit your losses.
Should the market pull back to $1.60242 - $1.60262 then you would close your position by selling at $1.60242. As a result, your loss would be:
P&L = (Final Level - Initial Level) x stake
P&L = ($1.60242 - $1.60700) x £3 per point stake
P&L = -$0.00458 x £3 per point stake
P&L = -45.8 points x £3 per point stake
P&L = -£137.40 loss
Note - GBP/USD Rolling Daily forex market quoted as of 11-Sep-12.
Advert:
GBP/USD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on GBP/USD with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'GBP/USD Spread Betting' by DB, updated 23-May-13
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