GBP/USD strategy: cable is volatile — what do you do about it?
Cable moves further and gaps more than most majors, with UK political and data noise layered on top. Strategies that work on EUR/USD often need wider stops and smaller size here.
How do you trade cable?
- the volatility adjustments you make
- the UK releases that matter most to you
- the gap or spike that reshaped your approach
The major pairs guide and flash crash guide frame cable's character.
Background: Major, minor and exotic currency pairs explained
How to read a currency quote, which pairs count as majors, crosses and exotics, and why spreads and risks differ so much between them.
What are the seven major currency pairs?
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD.
What is a cross currency pair?
A pair of major currencies that doesn't include the US dollar, such as EUR/GBP or GBP/JPY.
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