The base currency – GBP. The counter currency – USD. The GBP/ USD rate is the British Pound/US dollar currency pair. It is often referred to as ‘the cable’ and is one of the most frequently traded currency pairs. As one of the majors, the pound to dollar rate sports the most liquidity and the least spread in the forex market. It shares a positive correlation to the EUR/USD currency pair. The key players in the GBP/USD exchange scenario are the Bank of England and the US Federal Reserve System. Additionally, the London City, the London Stock Exchange, and the European Central Bank all influence this currency pair. The extreme liquidity of the Sterling, GB’s stable monetary policy and overall standing in the financial world make it a popular trading choice.