British Pound (6B) Futures Contract Specifications

Currencies

British Pound Futures (6B) provide exposure to the GBP/USD exchange rate. These contracts are popular among traders looking to trade or hedge British pound exposure.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

62,500 GBP

Tick Size

0.0001 per GBP ($0.0001)

Tick Value

$6.25 per tick

Point Value

$6.25 per point ($0.0001 per GBP)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

Margins

Check with your broker for the latest margin rates and details

Why Trade British Pound (6B) Futures?

Key benefits and characteristics of this futures contract

Exposure to GBP/USD exchange rate

High liquidity during London hours

Extended trading hours

Effective hedging tool

Volatility opportunities

Brexit and economic policy sensitivity

Position Sizing for British Pound (6B) Futures

Example calculation for proper position sizing based on risk tolerance

For British Pound (6B):

Tick Size: 0.0001 per GBP ($0.0001)

Tick Value: $6.25 per tick

Point Value: $6.25 per point ($0.0001 per GBP)

If you want to risk $500 with a 80-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 80 × 6.25 ($0.0001 per GBP) = $ 500

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 500 = 1 contract