GBP/USD Pip Value
GBP/USD (Cable) has a pip value of exactly $10.00 per standard lot for USD-denominated accounts — the same as EUR/USD, because USD is the quote currency. For ZAR accounts, multiply by the live USD/ZAR rate.
| Lot Size | Pip value (USD) | Pip value (ZAR @ 18.00) |
|---|---|---|
| 0.01 | $0.10 | R1.80 |
| 0.10 | $1.00 | R18.00 |
| 1.00 | $10.00 | R180.00 |
| Instrument class | Major pair |
|---|---|
| One pip | 0.0001 |
| Standard lot | 100,000 GBP |
| Value of one pip per lot | $10.00 |
| Typical spread | 1.5 pips — · FxPro verified |
| Notional value of one lot | — |
| Margin on one lot at 1:30 / 1:100 / 1:500 | — |
The last two rows move with the market and are filled in from the live rate; everything above them is fixed by the contract. Leverage available to you depends on your regulator and account type — check it in the platform before you size a position.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| GBP | Bank of England (BoE) | Bank Rate | MPC · CPI · jobs data |
| USD | Federal Reserve (Fed) | Federal funds target range | FOMC · CPI · jobs data |
Spreads are tightest when two sessions are open at once and widest when one desk has gone home and the next has not arrived. The shaded band is the overlap.
GBP/USD for SA Traders
GBP/USD is the third most liquid forex pair globally, with tight spreads (typically 1–1.5 pips) and active moves throughout the London session (09:00–18:00 SAST). The pair is particularly sensitive to UK CPI data (09:00 SAST) and Bank of England decisions (~13:00 SAST). UK-ZA historical trade links mean SA institutional players maintain a genuine interest in this pair.
Pip values sourced from ECB reference data (Frankfurter API). Live BTC/ETH prices from CoinGecko. All values are indicative and for educational purposes — not live trading quotes. See full pip value table →
