GBP/USD

GBP/USD, often called Cable, is a major currency pair representing the exchange rate between the British pound and the US dollar. The pair is driven by Bank of England and Federal Reserve policy, UK and US economic data, and transatlantic capital flows.

The rate of GBP/USD is 1.3230 as of September 29, 2026 — down 0.20% over the last 24 hours. Over the same window GBP/USD traded between 1.3228 and 1.3273.

GBP/USD is quoted as US dollars per British pound. Long GBP/USD means long the British pound and short the US dollar. Before fees and funding, the position benefits when the pound strengthens relative to the dollar and loses when the pound weakens. Short GBP/USD means short the British pound and long the US dollar. Before fees and funding, the position benefits when the dollar strengthens relative to the pound and loses when the dollar weakens. Eligible FX markets offer multipliers of up to 50x, depending on the pair and jurisdiction. The maximum is not a recommended position size.

Go long GBP/USD. Because USD is the quote currency, a rising GBP/USD rate means one pound buys more dollars. This expresses a dollar view only against the other currency in the pair, not against every currency.

Long GBP/USD means long the British pound and short the US dollar. Before fees and funding, the position benefits when the pound strengthens relative to the dollar and loses when the pound weakens. Short GBP/USD means short the British pound and long the US dollar. Before fees and funding, the position benefits when the dollar strengthens relative to the pound and loses when the dollar weakens.

No. The GBP/USD perpetual tracks a currency-pair reference rate without delivering or conferring ownership of either currency. It has no fixed expiry and introduces margin, liquidation, funding, and venue-specific execution costs.

Traders commonly watch Federal Reserve versus Bank of England rate expectations, US and UK inflation, employment, and growth data, Changes in UK risk sentiment and cross-border capital flows.

Yes. The trade card on this page links to the Liquid market for GBP/USD. Before submitting an order, review the available multiplier, margin requirement, and estimated liquidation price in the app, plus the venue's current fee and funding information.

The 24-hour trading volume shown for the GBP/USD perpetual on Liquid is $456,754 as of September 29, 2026. This is volume reported for this contract by the underlying venue, not total global FX turnover. Higher volume can indicate more active price discovery, but it does not remove trading risk.

GBP/USD is a cash-settled perpetual against an oracle reference price. Profit and loss are settled financially without delivery or ownership of the underlying asset. The position provides price exposure only; it does not transfer the underlying asset or any rights that come with owning it.

Perpetual trading exposes you to price changes, margin requirements, liquidation, funding payments, and venue-specific execution costs. Review the current contract specification and the app's margin, liquidation, fee, and funding information before submitting an order.