I just reviewed the movements of GBP and was wondering again what exactly GBP means in the markets. It is the British Pound Sterling, the fourth most traded currency globally. The interesting thing is that it accounts for about 20% of the daily volume in forex, just below the dollar, yen, and euro. When I see what GBP means on platforms, it’s basically GBP/USD that matters most to traders. This pair is known as the Cable and moves about 330 billion daily. The liquidity is huge, which means low spreads and quick executions. Recently, the pound fell sharply against the dollar due to unexpectedly strong US employment data. The Bank of England keeps rates stable but cautious. For newcomers, understanding what GBP means and how it reacts to monetary policies is key. The pair fluctuates less than 1% on average, quite stable compared to others. Personally, I also follow EUR/GBP and GBP/JPY; the latter is more volatile but offers more opportunities if you know how to read the movements of the BoJ versus the BoE.