• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Daniels Trading

Independent. Objective. Reliable.

Top Navigation

  • Open an Account
  • Request Trading Demo
  • 1.800.800.3840
  • Sign Up
  • Log in

Primary Navigation Menu

  • About
    • Who We Are
    • Services
    • Careers
    • Risk Disclosure
  • Trade
    • Broker-Assisted
    • Self-Directed / Online
  • Hedge
    • DanielsAg Mobile App
    • Ag Marketing Plan
    • WASDE Analysis
    • Grain Resources
    • Livestock / Dairy Resources
    • Hedging Videos
  • Invest
    • Automated Strategies
    • Managed Futures
  • Advisories
    • GENERAL / FUNDAMENTAL
      • DT Newsletter
      • Insider Market Advisory
      • Capture the Move
      • Turner’s Take Newsletter & Podcast
    • TECHNICAL ANALYSIS
      • The Cullen Outlook
      • Market Dimensions Advisory Room
      • Rath Overlay
      • Swing Trader’s Insight
      • Trade Spotlight
    • AG MARKETING
      • Cattleman’s Advisory
      • The Swine Times
      • Technical Ag Knowledge
      • This Week in Grain
      • Turner’s Take Ag Marketing
    • THIRD-PARTY RESOURCES
      • CFRN
      • Market Action Scanner
      • Moore Research Center, Inc. (MRCI)
      • OptionWorks®
      • TASMarketProfile.com
  • Education
    • CME Group Resource Center
    • Guides
    • Frequently Asked Questions
    • Order Entry Handbook
    • Webinars
  • Blog
    • Futures 101
    • Ag Marketing
    • Tips & Strategies
    • Trading Advisories
  • Resources
    • Trading Software
    • Quotes and Charts
    • Futures Calendars
    • Contract Specifications
    • Margin Requirements
    • Futures Calculator
  • Accounts
    • GAIN Capital Futures
    • R.J. O’Brien
  • Contact
Home / Education / Markets / Currency Futures Overview / British Pound Futures

British Pound Futures

British Pound Futures The British Pound—or ‘pound sterling’—is the oldest currency still in use today, with its history stretching as far back as Anglo-Saxon England in the middle 8th century. Today, it is the fourth-most-traded currency in the foreign exchange market, and it is also the third most held reserve currency in all global reserves. As one of the highest-valued currencies in the world for many years, it is no wonder the British Pound has maintained its high popularity amongst foreign currency traders throughout history.

British Pound Contract Specifications
Contract Size 62,500 British pounds
Trading Hours CME Globex: Sundays: 5:00pm – 4:00pm CT next day.
Monday – Friday: 5:00pm – 4:00pm CT the next day, except on Friday – closes at 4:00pm and reopens Sunday at 5:00pm CT.
CME ClearPort: Sunday – Friday 5:00pm – 4:15pm CT with a 45–minute break each day beginning at 4:15pm
Minimum Price Fluctuation $.0001 per British pound increments ($6.25/contract).
Product Code CME Globex: 6B
CME ClearPort: BP
Clearing: BP
Listed Contracts Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Method Deliverable
Last Trade Date 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Settlement Procedures Physical Delivery – GBP/USD Futures Settlement Procedures
Position Accountability 10,000 contracts
Block Trade Eligibility Yes.
Block Minimum 100 Contracts
Exchange Rules These contracts are listed with, and subject to, the rules and regulations of CME.
Source: CME Group

British Pound Facts

British Pound futures allow traders to assess value against the U.S. dollar, as well as the opportunity to address risk from currency fluctuations in other foreign trade markets.

Currency rates are determined by a one base currency quoted in relation to a different currency. Major currencies that are traded are floating. Central bank monetary policies can affect the value of currency. The Bank of England regulates monetary policy for the United Kingdom. For instance, low interest rates dictated as policy can be bearish for currency value because new money is being pumped into the market. This is unappealing to foreign investors because returns yield those low interest rates. In contrast, high interest rates set as policy are bullish and appealing to foreign investors because of high interest yields from the returns. Currency values can be also be affected by the nation’s current account balance. An excess or influx in the balance is considered to be bullish, while a deficit or drainage is considered to be bearish. Economic stability and investment in the country also help strengthen currency values because international investors are likely to buy into that country’s favorable markets.

Source: Barchart

Last updated September 2015

Additional Info

Recent Posts on the British Pound

  • Beyond the Spotlight | British Pound, Cocoa, Hogs (11/12/2018)- Beyond the Spotlight for the week of November 12, 2018 covers the British Pound, Cocoa and Lean Hogs markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
  • Beyond the Spotlight | Wheat, Sugar, and British Pound Futures (10/16/2018)- Beyond the Spotlight for the week of October 15, 2018 covers the Chicago Wheat, Sugar, and British Pound markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
  • Trade Spotlight: Futures (British Pound) (12/7/2017)- This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, December 6, 2017. There is a trade opportunity based on a Trend Line breakout in the British Pound currency market. The Stochastic indicator is showing a downturn in Momentum. The Trend Seeker is up, but with a weak ranking.… Read more.

Primary Sidebar

Tips & Strategies

DT Pro Webinar 1: Getting Started on the Platform

Dt Pro Webinar 2: Advanced Order Entry DOM Techniques

The dt Pro webinar series provides viewers with a comprehensive look at Daniels Trading’s flagship platform, dt Pro. An invaluable tool for the market technician, dt Pro brings the opportunity of equity, commodity, and currency derivatives to individuals around the globe. If you’re interested in trading futures with maximum efficiency, then dt Pro may be… Read more.

Energy Futures A Complex Grounded in Crude Oil

Inside Oil & Gas Futures Webinar – Video Recast and Summary (2019-02-12)

What moved the Oil and Gas Futures markets higher today? We discuss the Saudi Arabian Production Cuts, US Sanctions on Venezuala, & more.

Inside E-mini Equity Futures Webinar – Video Recast and Summary (2019-02-05)

Are you interested in what drove the E-mini Equity Futures markets higher today? With all the news coming out let’s check out these markets.

More Tips & Strategies

  • Futures Trading Strategies: Price Discovery
  • Advanced Techniques for Futures Trading: Order Carry Over vs. End of Day Cancellation
  • Advanced Techniques for Futures Trading: How Slippage Can Compromise a Strong Strategy
  • Seasonality: The Impact on the Energy Markets
  • 3 Reasons Investors Get Into the Futures Market
  • Are the Futures Markets Efficient?
Trustpilot

Footer

Trustpilot

Contact Us

Daniels Trading
100 South Wacker Drive, Suite 1225
Chicago, IL 60606
+1.312.706.7600 Local / Int'l
+1.800.800.3840 Toll-Free
+1.312.706.7605 Fax

Connect with Us

Site Navigation

  • Frequently Asked Questions
  • About Us
  • Customer Reviews
  • Contact Us
  • Futures Blog
  • Open a Futures Trading Account
  • Media Resources
  • Fund Your Account
  • Legal Notices

Copyright © 2019 · Daniels Trading. All rights reserved.

Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

  • Risk Disclosure
  • Privacy Policy
  • Terms of Use
  • Back to top