Definition of GBP (British Pound Sterling)
The official currency of the United Kingdom. GBP/USD (Cable) is one of the most traded pairs in the forex market, known for its volatility.
At a glance
Term
GBP (British Pound Sterling)
URL slug
gbp-british-pound-sterling
Category
Instruments
Short answer
The official currency of the United Kingdom.
Deep dives
Full A–Z glossary
Example
Apply the definition: restate “GBP (British Pound Sterling)” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “GBP (British Pound Sterling)” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “GBP (British Pound Sterling)” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
The official currency of the United Kingdom.
Knowing the precise definition of “GBP (British Pound Sterling)” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “GBP (British Pound Sterling)” as loose slang while your broker/platform specification defines it more narrowly.