Interest-rate expectations
Changes in expected Bank of England and Federal Reserve policy can shift rate differentials and demand for GBP and USD.
GBPUSD · Major forex pair
Trade GBP/USD (GBPUSD) on Mega1 or MetaTrader 5 with Pro raw pricing or Standard all-in spreads.
Indicative GBPUSD prices · British Pound / US Dollar
GBP/USD daily indicative candlestick chart is loading.
GBP/USD overview
GBP/USD shows how many units of USD are needed to buy one unit of GBP. A rising price means GBP is strengthening against USD; a falling price means the reverse. GBPUSD can respond sharply to Bank of England guidance, UK inflation and labour data, Federal Reserve expectations and changes in liquidity across the London and New York sessions.
Changes in expected Bank of England and Federal Reserve policy can shift rate differentials and demand for GBP and USD.
Inflation, wage, employment and growth data can change the market's view of each economy and its likely policy path.
Global risk appetite, funding demand and session liquidity can affect the pair as well as its available spread.
Raw pricing
Variable spreads from 0.0 pips
All-in spread
Spreads from 1 pip
Spreads are variable and can widen. The stated minimum is not a universal or guaranteed spread. Swaps may apply to positions held across rollover. Account and platform availability varies.
Exposure-based margin
GBP/USD margin is applied incrementally by the total notional exposure in GBPUSD. Crossing a threshold does not reprice the margin already assigned to lower bands; only the additional exposure uses the next rate.
How exposure-based margin works| Additional notional | Leverage | Margin |
|---|---|---|
| $0–$500K | 1000:1 | 0.10% |
| $500K–$2M | 500:1 | 0.20% |
| $2M–$5M | 200:1 | 0.50% |
| $5M–$15M | 100:1 | 1.00% |
| $15M–$50M | 50:1 | 2.00% |
| $50M–∞ | 20:1 | 5.00% |
USD notional bands. The live platform specification remains authoritative.
Contract details
Review volume, carrying-cost and session information before placing a trade. Values below are refreshed from the published XBTFX specification service.
Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.
Plan a scenario
For one standard lot of GBP/USD, one pip is 0.0001 and represents 10 USD in the quote currency. The account-currency result can change with conversion, direction, spread, commission and swaps.
Where to trade
Use Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.
GBP/USD questions
GBP/USD is the exchange rate between British Pound and US Dollar. It shows how many units of USD are required to buy one unit of GBP. A rising price indicates GBP strength relative to USD; a falling price indicates the reverse.
For GBP/USD, one pip is normally 0.0001. A one-pip move on one standard 100,000-unit lot represents 10 USD in USD, before spreads, commission, swaps and any account-currency conversion.
GBP/USD uses published exposure-based margin bands. The schedule is tied to total notional exposure in GBPUSD, not the account balance. When exposure crosses a threshold, only the additional portion uses the next margin rate; lower-band exposure keeps its original rate.
Yes. Pro uses raw variable spreads with a separate commission of $2.75 per $100,000 traded on FX. Standard has no separate FX commission and includes the pricing cost in a wider spread. Availability can vary by platform, account and jurisdiction.
GBP/USD is available on supported Mega1 and MetaTrader 5 accounts. Check the instrument specification inside the selected platform before trading because sessions, margin and other conditions can change.
GBP/USD at XBTFX
Open an XBTFX account, choose Pro or Standard pricing, and access GBP/USD on a supported platform.
CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk.
Risk Disclosure Notice