GBP also shares the unfortunate distinction of being the target of speculator attacks during the 90s with some Thirld World currencies, especially during the chain of events leading to the infamous Black Wednesday. You can edit the color and weight of each currency. It tends to enter long-lasting trends every once a while, so long-term traders will also find fertile grounds for their schemes, although high levels of volatility may be testing to ones nerves.
GBP/USD - Live Rate, Forecast, News and Analysis
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This tool is very useful to get an immediate notification being displayed as soon as the pattern occurs. The currency has been hard-hit by the turmoil of, however, and has fallen from a 26-year peak.1161 to USD to1.65 as of Nov 2009, with the lowest point touched.35 in January of the same year. The nation runs a sizable trade deficit at over 150 billion. You can also trade it in a carry trading strategy, since the Bank of England offers higher rates than the Fed most of the time. Originating from the term libra used in Roman times, the pound was at first a measure of weight.
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