Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
The GBP/USD rate tracks the price of the British pound, the base currency, against the US dollar, the counter currency. It is often referred to as 'cable' and is one of the major FX currency pairs. Monetary policy announcements of both the Bank of England and the US Federal Reserve will have an influence on this currency pair as well as the respective country's interest rates.
Spot or forward? These two forex markets behave differently, and now you can trade both with us as forex CFDs. Here’s how they work, and what sets them apart.
15:07, 31 July 2025
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