GBPUSD Pip Value — Contract Specs & Lot Sizes
One standard lot of GBPUSD is 100,000 GBP with a pip size of 0.0001. Pip value per standard lot: $10.00.
GBPUSD Contract Specifications
| Instrument | GBPUSD — British Pound / US Dollar |
| Contract Size (1 standard lot) | 100,000 GBP |
| Pip Size | 0.0001 |
| Pip Value (1 lot) | $10.00 |
| USD Equivalent | $10.00 (exact — quote is USD) |
| Minimum Lot | 0.01 |
| Maximum Lot | 100+ (broker-dependent) |
| Typical Spread | 0.1–0.6 pips raw / 0.9–1.6 pips standard |
| Trading Hours | 24/5, Sunday 21:00 – Friday 22:00 GMT |
| Platform Aliases | GBP/USD, Cable |
GBPUSD Pip Value by Lot Size
| Lot Size | Pip Value |
|---|---|
| 0.01 lot | scales linearly — $10.00 |
| 0.10 lot | scales linearly — $10.00 |
| 1.00 lot | scales linearly — $10.00 |
| 10.00 lot | scales linearly — $10.00 |
Values scale linearly with volume: 0.01 lot = 1% of the 1-lot value, 10 lots = 10×. $10.00 (exact — quote is USD)
How to Calculate GBPUSD Pip Value
Because the quote currency is USD, the pip value in USD is fixed regardless of price. Verify exact contract size in your platform (MT4/MT5 → Market Watch → right-click → Specification).
More GBPUSD Resources
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Frequently Asked Questions
What is the pip value of GBPUSD?
One pip of GBPUSD on a 1.00 standard lot is worth $10.00 ($10.00 (exact — quote is USD)).
How do I calculate GBPUSD pip value?
Multiply pip size by contract size: 0.0001 × 100,000 GBP = $10.00 per standard lot.
Does the GBPUSD pip value change?
No — with a USD quote currency the USD pip value is constant at any price level.
What is the contract size of GBPUSD?
One standard lot is 100,000 GBP. Minimum trade size is 0.01 lots at most brokers.
How many pips does GBPUSD move per day?
~90–120 pips on average (August 2026 window) — medium–high volatility among the 35 instruments in our database.
Data compiled 22 August 2026 from IC Markets product specification sheets, Myfxbook live spread/swap/volatility feeds and public education sources (FOREX.com Academy, BabyPips, FXStreet). Spreads, swaps and daily ranges change continuously — values above are representative, not quotes, and vary by broker. Verify everything in your platform's contract specification window. Educational content only — not financial advice. See our Terms.
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