One of the oldest and most traded pairs — 'Cable'. Trade the British pound against the US dollar with tight spreads and leverage up to 1:500.
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GBP/USD, nicknamed 'Cable', is a major currency pair known for its liquidity and its sometimes sharp moves around UK and US economic events. It reflects the relative strength of the British and US economies.
At Otto you trade GBP/USD as a CFD. Go long if you expect the pound to strengthen against the dollar, or short if you expect it to weaken, with leverage up to 1:500.
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The nickname dates back to the transatlantic telegraph cable once used to transmit the exchange rate between London and New York.
The interest-rate gap between the Bank of England and the Fed, plus UK and US data and risk sentiment.
Up to 1:500 on this major pair.
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