World currencies at : British Pound Sterling - GBP

The fourth place in terms of the number of transactions in the foreign exchange market is occupied by British pound sterling. It is also one of the so-called major currencies, or majors, that traders most often use to trade. The British pound is also often referred to as kable in the trader's lexicon.

About 6% of all market transactions take place with the participation of pound. Currency pairs with the British are the most volatile on the market. To pass for such a pair 200-300 points for one trading day is not difficult. The main activity of currency pairs with GBP account for the European session, slightly less - for the American session. In the night time for Europe it is possible to observe flatness on many pound pairs, especially in pairs with European euro and francwhich is actively used by many traders.

Before the financial crisis Bank of England (BOE) kept interest rates high, and the pound itself was a very expensive currency, attractive for investment. However, the financial crisis changed the situation completely. At the moment, the Governor of the Bank of England is Mervyn King. There is also a monetary policy committee at the bank, at whose meetings decisions are made about the interest rate. Such meetings are held for two days, and the decision itself is published only on the second day. The Bank of England is not characterized by currency interventions.

It's worth noting that it was on the decline British pound George Soros made his first billion. Therefore, traders all over the world also dream of conquering the GBP.