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GBP/USD Pip Value Calculator

A pip on GBP/USD is 0.0001 of the quote price. What that is worth in cash depends on your lot size and account currency. One standard lot is 10 USD per pip — set your lot size below to get the exact value for British Pound/US Dollar.

1 standard lot · 100,00010 USD
1 mini lot · 10,0001 USD
1 micro lot · 1,0000.1 USD

Value of one pip, in the quote currency (USD). Pip size on GBP/USD = 0.0001.

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Formula: Units = Lots × Contract size; Pip value = Pip size × Units × Exchange rate. Results are an aid, not financial advice.

Know your pip value – now size the trade.Turn the cash value of a GBP/USD pip into the exact lot size your risk budget allows.
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About the GBP/USD pair

  • TypeMajor
  • Base / quoteBritish Pound / US Dollar
  • Pip size0.0001
  • Typical spread0.5–1.5 pips
  • Most activeLondon session

"Cable" is liquid but jumpier than EUR/USD, sensitive to UK data, BoE decisions and risk sentiment. Spreads widen fast around UK releases.

How pip value works on GBP/USD

One pip on GBP/USD is a price move of 0.0001. Its cash value is not fixed – it scales with how many units of British Pound you trade. Multiply your lot size by the contract size to get units (a standard lot is 100,000), then multiply the pip size by those units to get the pip value in the quote currency, USD. If your account is held in USD that figure is final; otherwise convert it at the USD→account rate.

Worked example

Trading one standard lot of GBP/USD (100,000 units) makes a single pip worth 10 USD; ten pips are 100 USD. A mini lot (10,000 units) is 1 USD per pip and a micro lot (1,000 units) is 0.1 USD. Because GBP/USD is quoted in USD, those figures already are your pip value for a USD account.

Frequently asked questions

What is the pip value of GBP/USD?
On GBP/USD one pip is 0.0001. One standard lot is worth 10 USD per pip, a mini lot 1 USD and a micro lot 0.1 USD.
How do I convert the GBP/USD pip value to my account currency?
If your account currency is USD, no conversion is needed. Otherwise multiply the quote-currency pip value by the rate that turns one unit of USD into your account currency – enter that rate in the calculator above and it does the conversion.
Is GBP/USD a major or a cross pair?
GBP/USD is classed as a Major pair (British Pound against US Dollar). Typical spreads run around 0.5–1.5 pips and it is most active during the London session.

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Jarosław Wasiński

Jarosław Wasiński

Editor-in-chief, ForexMechanics.com • Macro & FX analyst

Independent analyst and practitioner with over 20 years of experience in financial markets. Actively involved in Forex since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management.

  • Creator and editor-in-chief of MyBank.pl, providing reliable financial education since 2004.
  • Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for traders and investors.
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All content is educational and informational only – it does not constitute investment advice or a recommendation. Remember: leveraged trading (Forex/CFD) carries a high risk of rapid capital loss.