The UK is the world’s fourth largest economy across the globe. This is based on several consecutive years of low unemployment rates and years of continuous strong growth. 6% of all currency trading uses the GBP making it one of the world’s most liquid currencies.
It is used as a lending currency due to the fact it has one of the highest interest rates in all of the developed countries. There is a relatively strong correlation between GBP prices and the energy market. Other alternative names for this currency are “Sterling” and “Cable”