GBPUSD Pip Calculator (Cable)
Calculate GBPUSD pip value, points, lot size, margin and profit for any account currency.
GBPUSD, nicknamed cable after the telegraph line that once linked London and New York, prices the British pound in US dollars. It is driven by Bank of England and Federal Reserve decisions, UK inflation, wage and GDP figures, US data, and broader risk sentiment. The pair is usually most active from the London open through the London–New York overlap, and it tends to move more pips per day than EURUSD, so the same stop distance in pips can be hit faster. Because the US dollar is the quote currency, one pip (0.0001) on a 100,000-pound standard lot is worth a flat $10 in a USD account. Margin, however, rises and falls with the pound, since the notional is 100,000 GBP valued in dollars.
GBPUSD Pip Value Calculator
Live ECB reference rate (2026-10-30). Editable.
= 100,000 units
- Point value (0.00001 move)
- $1.00
- Pip value in USD
- $10.00
- Pip size
- 0.0001
How this was calculated
Pip value (USD) = 1 lots × 100,000 × 0.0001 = 10 USD Account currency is USD: no conversion
Currency conversion uses ECB reference rates via Frankfurter, as of 2026-10-30. Results are estimates; check your broker's contract specifications.
| Lots | Pip value | 10 pips | 50 pips | 100 pips |
|---|---|---|---|---|
| 0.01 | $0.10 | $1.00 | $5.00 | $10.00 |
| 0.1 | $1.00 | $10.00 | $50.00 | $100.00 |
| 0.5 | $5.00 | $50.00 | $250.00 | $500.00 |
| 1 | $10.00 | $100.00 | $500.00 | $1,000.00 |
| 5 | $50.00 | $500.00 | $2,500.00 | $5,000.00 |
| 10 | $100.00 | $1,000.00 | $5,000.00 | $10,000.00 |
GBPUSD Lot Size Calculator
1 pip = 0.0001 on GBPUSD
- Rounded down (0.01 step)
- 0.50 lots
- Mini lots (0.1)
- 5.00
- Micro lots (0.01)
- 50.0
- Units
- 50,000
- Money at risk
- $100.00
- Stop-loss distance
- 20.0 pips
- Pip value per 1 lot
- $10.00
How this was calculated
Risk = 10000 × 1% = $100.00 Pip value per lot = $10.00 Lots = $100.00 ÷ (20.0 pips × $10.00) = 0.5000
Currency conversion uses ECB reference rates via Frankfurter, as of 2026-10-30. Results are estimates; check your broker's contract specifications.
GBPUSD Margin Calculator
Live ECB reference rate (2026-10-30). Editable.
= 100,000 units
- Position notional
- $133,989.00
- Leverage
- 1:100
- Margin as % of notional
- 1.00%
How this was calculated
Notional = 1 × 100,000 GBP × 1.33989 → $133,989.00 Margin = $133,989.00 ÷ 100 = $1,339.89
Currency conversion uses ECB reference rates via Frankfurter, as of 2026-10-30. Results are estimates; check your broker's contract specifications.
| Leverage | Required margin |
|---|---|
| 1:10 | $13,398.90 |
| 1:20 | $6,699.45 |
| 1:30 | $4,466.30 |
| 1:50 | $2,679.78 |
| 1:100 | $1,339.89 |
| 1:200 | $669.95 |
| 1:500 | $267.98 |
| 1:1000 | $133.99 |
GBPUSD Profit Calculator
= 100,000 units
- Pips gained / lost
- 50.0
- Direction
- Buy (long)
How this was calculated
Move = (1.34489 − 1.33989) × +1 = 0.005 P&L (USD) = move × 1 × 100,000 P&L (USD) = $500.00
Currency conversion uses ECB reference rates via Frankfurter, as of 2026-10-30. Results are estimates; check your broker's contract specifications.
GBPUSD Points Calculator
= 100,000 units
1 point on GBPUSD = 0.00001. Use a negative number for a loss.
- Points
- 100.0
- Value per point
- $1.00
- 1 point equals
- 0.00001 price move
How this was calculated
Profit = 100.0 points × 0.00001 × 100,000 × 1 lots = $100.00
Currency conversion uses ECB reference rates via Frankfurter, as of 2026-10-30. Results are estimates; check your broker's contract specifications.
GBPUSD contract specification
| Field | Value |
|---|---|
| Symbol | GBPUSD |
| Name | British Pound / US Dollar |
| Contract size (1 lot) | 100,000 |
| Pip size | 0.0001 |
| Point size | 0.00001 |
| Digits | 5 |
| Quote currency | USD |
| Pip value per 1 lot | $10.00 |
GBPUSD pip value by account currency
| Lots | USD | EUR | GBP | JPY |
|---|---|---|---|---|
| 0.01 | $0.10 | €0.09 | £0.07 | ¥15.73 |
| 0.1 | $1.00 | €0.90 | £0.75 | ¥157 |
| 1 | $10.00 | €8.95 | £7.46 | ¥1,573 |
| 5 | $50.00 | €44.75 | £37.32 | ¥7,863 |
Per pip (0.0001 move). Converted with ECB reference rates as of 2026-10-30; where the account currency is GBP, the pair price 1.33989 is used.
GBPUSD money at risk (USD account)
| Stop-loss | 0.01 lot | 0.1 lot | 1 lot |
|---|---|---|---|
| 10 pips | $1.00 | $10.00 | $100.00 |
| 20 pips | $2.00 | $20.00 | $200.00 |
| 50 pips | $5.00 | $50.00 | $500.00 |
| 100 pips | $10.00 | $100.00 | $1,000.00 |
Stop-loss distance in pips multiplied by the pip value for each position size.
GBPUSD margin for 1 lot (USD account)
| Leverage | Required margin |
|---|---|
| 1:30 | $4,466.30 |
| 1:100 | $1,339.89 |
| 1:500 | $267.98 |
Price used: 1.33989 (ECB reference rate, 2026-10-30).
Calculation notes
- Pip value in USD is fixed at $10 per lot; the wider daily ranges on cable mean stops are often set in more pips, which reduces lot size for the same risk.
- A GBP-denominated account sees the pip value as $10 ÷ GBPUSD, so it shrinks as the pound strengthens.
- Margin for 1 lot = 100,000 × GBPUSD price ÷ leverage, so cable usually needs more margin than EURUSD at the same leverage.
FAQ
How much is a pip on GBPUSD?
1 pip = 0.0001. For 1 standard lot the value is 100,000 × 0.0001 = $10, for a mini lot $1 and for a micro lot $0.10 in a USD account.
How do I size a GBPUSD trade with a 40-pip stop?
Lots = risk ÷ (40 × $10). Risking $200 gives $200 ÷ $400 = 0.5 lots. Risking $50 gives 0.125 lots, which most brokers round down to 0.12.
Why is GBPUSD called cable?
The name comes from the transatlantic telegraph cable that carried the pound–dollar rate between London and New York in the 19th century. It has no effect on the calculation.