The British Sterling against the US Dollar (GBPUSD) is a very liquid Forex pair. The most active hours of GBP/USD are between 8:00 am (EST) and 12:00 noon (EST), as both the US and the European Markets are open for trading. GBPUSD accounts for about 11.4% of the Foreign Exchange market volume.
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Similar to any other financial price, the price of an exchange rate is determined by the forces of demand and supply. The price of an exchange rate reflects many economic and non-economic factors. The most important factors are interest rates, inflation, growth, employment, and political risk.
A cross-asset correlation measures the degree to which the