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GBP-USD Binary Options
Trading currency has been a popular choice for binary options beginners and experts alike. Many traders have transferred from the realm of Forex Trading to binary options, attracted by the high rewards and controllable risk. The GBP USD currency pair binary option is one of the most traded of any through all platforms. The relationship between the currencies moves in relation to the relative strength of the economies.
The British Pound has remained a strong favorite with currency traders despite the drop off in the UK economy. The UK has historically been a strong contributor to the World economy, but nowadays the main focus is on financial services. It is the 6th largest in the world when viewed in terms of nominal GDP. Binary traders of the GBP will know that the currency is heavily affected by the Eurozone. Although Britain chose to opt out of the Euro they are in the European Union. Currency traders look to indicators like GDP, growth projections, unemployment figures and inflation in their analysis of the economy.
The US was the epicenter of the shockwave that has circled the world from October 2008. The financial crisis started in the US and like a cold was caught by just about every nation around the world. The US is on the path to recovery but the economic climate has resulted in increased attention on debt levels. The American economy is largely driven by the technology, pharmaceutical and manufacturing industries. The US will for many years require a fine balancing act between economic growth and debt reduction.
GBP USD currency pair
The GBP USD currency pair has a ten-year high level of 2.11 and a low of 1.36. It is currently at 1.60 (mid January 2013). The pairing is an interesting place for binary options traders to play their trade. There is always loads of information being released by governments and in the media that provides trading opportunities. It is possible for good technical analysts to trade short binaries and make substantial profits by trading GBP-USD pairing.
GBP-USD binary options brokers
Looking for where to trade GBP-USD binary options?
We have done some research to find the best places for you to trade GBP USD currency pair:
All the brokers` reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of GBP-USD binary options brokers from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that GBP-USD binary options trading will become a new interesting and captivating activity that will bring you high payouts.
Take our Trading Simulator and Financial Calculator, don`t loose your chance to learn your level of knowledge and skills of trading GBP USD currency pair. After that you will be able to have the personal consultation from the financial broker`s expert for free. Also, you are welcome to join our Chief Membership where you will be provided with more advantages and rewards from binary options specialists. Now you have an unique opportunity to learn binary trading from its most attractive side, so do not stop and good luck!