GBP/USD Pip Value

GBP/USD — 'Cable', after the transatlantic telegraph cable that once carried its price — is among the oldest continuously traded exchange rates. Its pip math matches EUR/USD exactly: pip size 0.0001, and with USD as the quote currency, $10 per pip per standard lot in a dollar account, scaling down to $1 for a mini and $0.10 for a micro lot.

What differs is behaviour. Cable habitually moves more than EUR/USD — daily ranges of 80–120 pips are routine and UK data mornings can double that — so the same lot size carries meaningfully more risk here. At $10 per pip, a 100-pip adverse move on one standard lot is $1,000, which is why experienced pound traders size from the stop distance rather than trading a fixed lot count across pairs. Bank of England decisions, UK CPI prints and the pair's sensitivity to broader risk sentiment set its rhythm, with the London morning its busiest window.