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GBP/USD Pip Calculator

Pre-set for GBP/USD: 100,000 units per lot, 1 pip = 0.0001. Works in 23 account currencies, with the math shown.

Contract specs: 1 lot = 100,000 units, 1 pip = 0.0001

Standard forex lots are 100,000 units of the base currency. Check the contract specification in your broker's platform (MT4/MT5: right-click the symbol → Specification).

lots

Value per pip

$10.00

for 1.00 lots

Per standard lot

$10.00

100,000 units

Per mini lot (0.10)

$1.00

10,000 units

Per micro lot (0.01)

$0.10

1,000 units

Per nano lot (0.001)

$0.01

100 units

Show the math
  1. Pip value in USD (quote currency)0.0001 × 100,000 × 1.00 lots = 10 USD

Rates from ECB, gold-api.com, CoinGecko, FX reference 2026-10-14, checked 19:40 UTC. Use your broker's live quote to trade.

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Quick answer

One pip on GBP/USD is 0.0001 × 100,000 units = $10.00 per standard lot for a USD account, $1.00 per 0.10 lot and $0.10 per 0.01 lot. For a EUR account it is €8.93 per lot.

GBPUSD pip value table

Value of one pip (0.0001) by position size and account currency.
LotsUSDEURGBPAUD
0.01$0.10€0.0893£0.0754$0.1427
0.10$1.00€0.8933£0.7538$1.43
1.00$10.00€8.93£7.54$14.27
5.00$50.00€44.66£37.69$71.33

GBP/USD contract specification

Reference values used by the calculators. Rates: ECB, gold-api.com, CoinGecko, FX reference date 2026-10-14; updated hourly.
SpecificationValue
Contract size100,000 units per lot
Pip size0.0001
Value per pip, 1 lot (USD)$10.00
Value per pip, 1 lot (EUR)€8.93
Value per pip, 1 lot (GBP)£7.54
Reference price1.32666
Exposure of 1 lot (USD)$132,666
Margin for 1 lot at 30:1 (EU/UK retail max)$4,422.22
Margin for 1 lot at 100:1$1,326.66

What to know about GBP/USD

GBP/USD ("cable") is quoted in US dollars, so a pip is worth $10 per standard lot for a USD account. It usually moves more per day than EUR/USD, so stops tend to be wider.

GBP/USD is most active during the London session and the London–New York overlap.

For other instruments, or to switch between them, use the full pip calculator.

Frequently asked questions

How much is one pip worth on GBPUSD?

One pip on GBP/USD is a 0.0001 price move. With 100,000 units per lot that is $10.00 per standard lot for a USD account, €8.93 for a EUR account and £7.54 for a GBP account.

What lot size should I use on GBPUSD?

Size the trade from the amount you are willing to lose and your stop: lots = risk ÷ (stop in pips × pip value per lot). Risking $100 with a 20-pip stop gives 0.50 lots for a USD account.

How much margin do I need for 1 lot of GBPUSD?

At a price of 1.32666, one lot is $132,666 of exposure. That needs $4,422.22 at 30:1, the maximum leverage for EU and UK retail clients on this asset, or $1,326.66 at 100:1.

Is the pip value the same at every broker?

For currency pairs the contract size is almost always 100,000 units, so the pip value only changes with your account currency and the exchange rate. Check your broker's specification if it offers non-standard lots.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. 74–89% of retail investor accounts lose money when trading CFDs with the brokers listed here. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The tools and information on this page are for education and are not financial advice.

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Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. 74–89% of retail investor accounts lose money when trading CFDs with the brokers listed here. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.