GBPUSD Pip Value and Spread Cost (USD account)
| Lot size | Pip value | Cost of a 1.5 pip spread |
|---|---|---|
| Standard (1.0) | $10.00 | $15.00 |
| Mini (0.1) | $1.00 | $1.50 |
| Micro (0.01) | $0.10 | $0.15 |
Cable Pip Value and the Cost of the Spread
Because GBPUSD is dollar quoted, its pip value is identical to EURUSD at ten dollars per standard lot, so nothing new to memorize there. The difference that actually costs you money is the spread. Cable often trades a wider spread than EURUSD, and at ten dollars a pip a 1.5 pip spread is fifteen dollars round trip on a standard lot before the market moves at all.
That is why measuring in pips matters on cable. Use the pip distance mode to check the spread between the bid and ask and the distance to your stop, then multiply by the pip value to see the cost in money. Sizing down or waiting for a tighter spread can matter more here than on lower cost pairs.
