Pound chart from Live Forex
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Pound rate - Dollar rate - Forex Chart - GBP USD
The Pound versus the US dollar is commonly known as GBP USD (or "cable" it's nickname which is reference to an old undersea cable which synchronised the pound and dollar rates) Usual behaviour is if the Dollar gets stronger then the rate of GBP USD will go down against the pound. However it's not always as simple as that as there maybe many factors keeping the rate of the pound strong even though the dollar rate is going up. Keeping up to date on economic data and conditions helps you determine whether dollar and pound rates are getting stronger or weaker. You can use our economic data calendar to keep an eye on forthcoming releases which might affect the rates of these currencies.
When forex trading it is very common to use a live forex chart to follow the price closely whilst looking for reasons to start trading. On our pages you can find a 1 minute forex trading chart used for watching short term movements in rates, on the tabs above the forex chart you will find longer term views which show the previous movement around support and resistance in a forex trend. Forex trading is not an easy thing to become a master at, using a forex chart is one way to visualise the movement in rates.