G10

British Pound

Futures and Options
Globex Code
Last
-
Change
-
Volume
-
Watchlists

One of the most actively traded currencies in the world, the British pound and US dollar are underwritten by more than $250Bn in trade annually. CME listed FX futures offer more precise risk management of GBP/USD exposure through firm pricing, convenient monthly and quarterly futures and weekly, monthly, and quarterly options, and flexibility to trade via a central limit order book, direct with blocks, or EFRPs.

Latest FX news
Tools
Articles & Reports
Resources

Features and benefits

Liquidity

$100B in daily notional FX liquidity, 3M in OI, and tight bid/ask spreads can help lower trading costs.

Capital, credit efficiencies of futures

Free up capital via lower margin requirements, futures leverage, shorter margin period of risk, margin offsets with other FX contracts.

Mitigate counterparty risk

All trades are backed by CME Clearing to mitigated counterparty credit risk, so you can trade with confidence.

Flexible and transparent market

See the same prices, quotes, trades as everyone else in the marketplace and make trades how you need to: central limit order book, blocks or Exchange for Physicals.

Nearly 24-hour access

Act as market-moving world news and events unfold.

Easily roll OTC Positions into futures

CME FX Link connects OTC FX and FX futures with one Globex spread, so you can add efficiency and better manage FX exposures.

Replicating OTC FX Market Positions with CME FX Futures

Explore the advantages that CME FX futures can offer traditional market practitioners in the OTC FX markets. See how to use CME FX futures to replicate cost-efficient, manageable synthetic exposure to OTC FX spot, forwards, and swaps.
Read the report

Explore this product in depth

Last Updated29 Mar 2025 05:01:31 AM CT.

Daily Volume

Date
Future VolumeOptions Volume

GBP/USD CVOL Index

Track forward-looking risk expectations on GBP/USD with the CME Group Volatility Index (CVOLTM), a robust measure of 30-day implied volatility derived from deeply liquid options on GBP/USD futures.

CODE:
GBVL
CVOL:
-
CHANGE:
-
Last Updated-
PRODUCTS

FX Link

CME FX Link, the only central limit order book for FX swaps, is now available with committed cross functionality, helping you achieve greater capital and credit efficiencies.

Learn more

THE FX REPORT: PRODUCT NEWS, TRENDS AND STATS

Key economic reports and factors that move markets

Global risk sentiment

As the global reserve currency, demand for the US dollar – via US Treasuries – is often correlated for the global market’s appetite for risk.

Bank of England

Historically, one of the more hawkish central banks int eh world, the Bank of England meets eight times a year to determine interest rates in the United Kingdom.

FOMC (Federal Open Market Committee)

Meets eight times a year on U.S. monetary policy and the key interest rate. Any change will impact the global macroeconomic landscape, including relative attractiveness of other countries’ currencies.

Growth differentials

Money flows towards those economies that offer growth opportunities, and that, ultimately, drives exchange rates.

Market Commentary

View the latest insights on trends in the FX market.

Courses

Take self-guided courses on British Pound futures and options products.

If you're new to futures, the courses below can help you quickly understand the British Pound market and start trading.

6 modules
Introduction to FX
Launch course
Explore more courses

Contact an FX expert

Connect with a member of our expert FX team for more information about our products.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

company
international
MARKET REGULATION
OUR EXCHANGES