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Trading GBP/USD (Cable) From the UK
3:01 · 8 chapters · Forex lessons, part 119
What you'll learn
Cable explained: what moves GBP/USD, when it moves in UK time, and how to size a trade from the loss you can accept.
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- Key point 1
- Why GBP/USD is called cable
- Key point 2
- What drives the pair: rates, data, gilts and risk mood
- Key point 3
- The key UK times, from 7am UK data to the London/New York overlap
- Key point 4
- What a pip is worth on a spread bet and a CFD, and the 30:1 UK retail cap
- Key point 5
- How to size a position and avoid doubling your dollar risk
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.