GBP/USD, nicknamed “cable”, is one of the busiest currency pairs. Here are the GBP/USD charts on TradingView, spot FX:GBPUSD and OANDA:GBPUSD and the 6B1! futures, and why they don’t match exactly.
GBP/USD shows how many US dollars one British pound buys. One pip is 0.0001, worth $10 on a standard lot of 100,000 pounds. It’s most active during the London session and the London–New York overlap. The nickname “cable” comes from the transatlantic telegraph cable once used to send the rate between London and New York.
FX:GBPUSD, OANDA:GBPUSD and your broker’s feed can differ by a fraction of a pip, especially around news and the daily rollover.A ticker ending in 1! is TradingView’s continuous contract: it always shows the front futures month and switches when it rolls over. 2! is the next month after that. Each contract has a different price, so the chart can jump at the roll.
Spot forex trades from 5:00 pm New York time on Sunday to 5:00 pm on Friday. CME currency futures trade almost the same hours with a one-hour daily break from 4:00 to 5:00 pm Central Time. See the live forex market hours clock for the sessions in your time zone.
For spot trading, use your broker’s GBPUSD feed if available, or FX:GBPUSD / OANDA:GBPUSD. For futures, 6B1!.
Work out pip value and position size with the pip calculator and position size calculator, or tick values with the futures calculator.
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