GBP/USD

The GBP/USD is probably the oldest currency pair in the FX, the pair is also known as the 'cable' and refers to the telegraph wires used to send bid and sell orders between London and New York. Both the USA and the UK have large employment numbers and both centre around the service sector heavily, which has an overall effect on the annual GDP of both countries. There has been little volatility for this pair over the years, however, recently due to breaking political events such as Brexit and the US Trade War, volatility has rapidly increased. This can be a profitable pair but also comes with increased risk.