Trading GBP/PLN

GBP/PLN is an attractive exchange rate quote for experienced and savvy investors, due to its high volatility and low liquidity. This page explores some key considerations when trading the GBP to PLN pair online, including an overview of live chart forecast strategies. Find out if you’re ready to start investing in the GBP/PLN today.

GBP/PLN Trading Brokers

  1. XTB

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    Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees.

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    FXCC offers leading fees compared to alternatives with spreads as low as 0.0 pips and $0 commission. Over 70 currency pairs are also available, providing more opportunities than most competitors.

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    Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. You can also trade currency indices, which aren't available at many alternatives. Forex lots start at 0.01.

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    Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.

  5. XM

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    XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.

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    Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and low commissions. The VPS will also serve high-volume, active day traders.

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    OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.

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    IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime.

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    Trade 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals.

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    Plus500 offers forex trading via CFDs with tight, floating spreads and an excellent suite of 60+ currency pairs. We got spreads of 0.6 pips on the EUR/USD during testing - lower than many alternatives.

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    rating full offers major, minor and exotic currency pairs available to trade as contracts for difference (CFDs) or spread betting (UK customers only). Spreads are competitive starting from 0.6 pips on the EUR/USD.

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    NinjaTrader supports the trading of popular currencies including the EUR/USD. The trading software also offers unique features tailored to forex trading, including specific order and market windows.

  13. Axi

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    Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources.

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    Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice.

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    Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.

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    Focus Option offers 22 forex pairs tradeable via binary options, including a selection of majors and minors. FX pairs are also available to trade with margin on Focus Option's mobile app, which offers high leverage up to 1:50 and spreads from 1 pip.

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    Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.

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    Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.

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    Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.

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    AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.

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    rating full is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.

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    Go long or short on 50 forex pairs including the EUR/USD and GBP/USD with zero commissions. There are plenty of opportunities to buy and sell currencies via margin or copy trading.

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    An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.

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    OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad.

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    CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.

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    Trade 70+ major, minor and exotic forex pair CFDs with up to 1:1000 leverage, no commission fees and competitive spreads from 0.8 pips. FX trades can also be executed via the reliable and fast MetaTrader 5 software.

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    Errante traders can access 50+ forex pairs with leverage up to 1:500 (location dependant). The broker offers fast execution and tight spreads, especially to clients with VIP and Tailor-Made accounts.

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    Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds through the ECN model and competitive spreads. On the negative side, not all currency pairs are available on MT4.

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    Trade 70 major, minor and exotic forex pairs with ultra-low ECN spreads and fast execution via the MT4 or MT5 platforms. There are also zero SL/TP limits and automated forex trading is well catered for.

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    Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with spreads starting from zero on raw spread account types. Currencies can be traded 24/5 though exotics are only available on MT5.

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    Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading.

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    Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.

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    Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access market-leading forex tools in the MT4 platform, including customisable forex charts and algorithmic trading.

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    Trade binary options on 25+ forex pairs including a range of majors and minors, as well as precious metals paired with USD. Payouts top 80% and users can analyze market movements on the hugely popular MT4 platform and app.

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    World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types.

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    FinPros offers 80+ forex pairs, which is one of the more diverse offerings available. Traders benefit from ultra-low latency, MT5 support and very tight spreads and low commissions on the RAW+ account.

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    Trade 45+ major, minor and exotic pairs with deep liquidity and low latency. The ultra-tight spreads from 0.01 pips on raw accounts, competitive $7 or lower round-turn commissions and high leverage up to 1:500 will suit scalpers, who can trade without limits.

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    IQCent traders can access CFDs or binary options on 40+ forex pairs, including majors, minors and exotics. CFD spreads start from 0.7 pips and binary options payouts are decent up to 95%. Trading takes place through the broker's proprietary platform with advanced analysis tools.

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    Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.

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    Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.

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    Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with high leverage and a low starting deposit. Multilingual 24/5 support is also available to support forex traders.

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    Trade 50+ forex pairs, including popular major, minor and exotic pairs. This is a decent selection, but traders will have a choice between the attractive MT4, MT5 or IRESS platforms and regulatory cover from ASIC. The VPS will also suit automated forex trading strategis.

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    Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform.

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    Anzo Capital offers 45+ forex pairs including majors, minors and exotics with fast execution and spreads starting from zero. High leverage up to 1:1000 is available with a margin call at 80% and a stop out level at 50%.

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    Rock Global clients can access 50+ currency pairs via CFDs with leverage up to 1:500, world class liquidity and fast execution on the MT4 or TWS platforms. The tight spreads from 0.9 with no commission are a particularly attractive feature.

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    VT Markets offers 40+ forex pairs including majors, minors and exotics with lightning-fast execution, up to 1:500 leverage and spreads starting from 0 available to ECN account holders.

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    Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.

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    Exinity offers 150+ forex pairs to trade on a very competitive ECN pricing model, with spreads from zero and low commissions of $4 per round turn. Traders can access the powerful MT4 and MT5 platforms and trade with no restrictions on popular day trading strategies.

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    ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.

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    PU Prime clients can trade 40+ forex pairs via the MT4 and MT5 platforms with dynamic leverage up to 1:500. Spreads start from near zero on Prime accounts, which also charge a $7 commission per lot, and a zero-commission Standard account with wider spreads is also available.

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    With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.

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    AdroFX has a good forex offering of more than 60 pairs, which can be traded with up to 1:500 leverage via the MT4 platform or copy-traded with Allpips. The broker also offers very tight spreads starting from 0.4 pips and charges no commission.

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    Start trading on dozens of currencies at RoboMarkets with powerful analysis tools and pattern recognition technology. 35+ currency pairs are available with tight spreads from 0 pips and rapid market execution. You can also utilise the broker's forex news alerts and economic calendar.

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    Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided.

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    Core Spreads offers trading on 34 forex pairs through spread betting and 40 currencies through CFDs, with both vehicles covering major and minor pairs. Spread betting spreads start from 0.6 for EUR/GBP; CFD spreads are variable and start from 1.2 pips on EUR/GBP.

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    Buy and sell over 50 currencies with zero pip spreads available via deep liquidity pools. M4Markets offers very low latency with execution speeds averaging 30ms. There are no restrictions on forex trading strategies.

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    MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted.

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    Trade Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'.

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    As well as a competitive selection of 55+ forex pairs, traders can access high leverage up to 1:300. You can also enjoy advanced analysis from Trading Central with easy integration into MetaTrader 4.

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    Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders.

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    4xCube offers 60+ currency pairs with competitive trading conditions. We like that all trading strategies are permitted including scalping and hedging.

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    ActivTrades is a great broker for active forex traders with industry-low spreads from 0.5 pips and zero commissions. The forex broker also offers impressive execution quality and speeds, alongside award-winning customer service.

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    BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.

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    LQDFX offers an extensive list of 70+ currency pairs, more than most alternatives. Spreads are ultra-low and high leverage is available on the market-leading MT4 platform.

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    Trade over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.

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    Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.

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    SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels.

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    Go long or short on over 50 forex pairs from majors to exotics, with spreads as low as 0.1 pips. Traders can analyze the currency markets with market-leading trading software and charts from MetaTrader 4.

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    During my tests, I was able to access a very competitive range of 90+ forex pairs with ECN spreads from 0.0 pips and leverage up to 1:500. FX traders can also make use of the Trading Central signals or the broker's daily forex analysis.

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    Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.

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    FXTrading clients can access 70+ forex pairs with high leverage up to 1:500, fast execution averaging 80ms, excellent liquidity and spreads from zero. A good selection of minors and exotics are available as well as all the majors. New users can start trading forex in 4 easy steps.

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    Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.

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    With over 190 forex spot pairs, EZ Invest outperforms many rivals in terms of access to the currency markets. Users can also choose between desktop software, a webtrader plus a solid mobile app. On the negative side, spreads aren't the tightest on entry accounts.

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    Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.

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    FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.

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    IronFX offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. IronFX offers more currency assets than virtually all competitors.

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    Trade 80+ major, minor and exotic forex pairs. This is a very competitive range of currency pairs with 50+ exotics to choose from, and traders will benefit from fast execution and support from extra features including a pip calculator. The MetaTrader 4 software was also designed for online forex trading.

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    Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD.

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    Trade up to 33 major and minor forex pairs. This is a small range of currency pairs compared to competitors, with no exotics, but traders do benefit from tight spreads, low or no commissions and low latency.

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    HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account.

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    FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.

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    Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies.

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    With 300+ forex pairs, Hantec Markets has one of the widest selections on the market. Floating spreads start from 0.2 pips with ultra-fast market execution and access to the leading MT4 platform.

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    With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex.

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    Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes.

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    With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders.

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    Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.

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    Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks.

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    ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account.

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    CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals.

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    FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.

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    Trade FX pairs with tight spreads & leverage.

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    Trade 60+ forex pairs including majors, minors and a selection of exotics and crosspairs with fixed spreads from 1.8 pips or variable spreads from 0.8. FX traders also get advanced trading software in MetaTrader.

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    Trade over 90 pairs and keep costs to a minimum, with tight spreads and industry-leading commissions. Currencies can be traded 24/5 with no dealing desk intervention.

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    Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.

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    Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.

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    Go long or short on a range of major and minor currency pairs with tight spreads. Powerful trading software is available with a choice of instant and pending orders.

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    Trade 200 CFD forex pairs with DMA pricing and tight spreads, ultra low latency and high leverage up to 1:1000. The range of forex pairs available and pricing model are among the most attractive in the African market.

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Introduction To GBP/PLN

GBP/PLN is a currency pair representing the exchange rate quote of Polish zloty (PLN) against one British pound sterling (GBP). At the time of writing, GBP vs PLN is quoted at a rate of 5.14, which means you need 5.14 zloty to purchase one pound.

As the oldest circulated currency, the British pound has an extensive history, defined by its adoption in the gold standard, the British Empire era, the Bretton Woods system and the impact of the World Wars. The zloty has also experienced a turbulent history after decades of political struggles, hyperinflation and economic crises throughout the 20th century. We’ve dissected the key events below.

The British Pound

Although its origins date back to the Anglo-Saxon period, the modern sterling currency was founded in 1694 when the Bank of England was established. Today, the sterling ranks fourth in the most traded world currencies (making up 12.8% of daily forex turnover) and is also in the top 5 of the world’s reserve currencies.

During the two World Wars, the sterling depreciated dramatically due to severe national debt. After World War I, Prime Minister Winston Churchill re-introduced the gold standard in 1925, though the system was abandoned in 1931.

Towards the end of World War II, the UK joined the Bretton Woods Accords, which designated the USD and GBP as global reserve currencies. Nonetheless, the pound was fixed to the USD, which in turn was pegged to gold. The system was in place until 1971.

From this point, the pound has experienced dramatic ups and downs, owing to political unease during the Thatcher era, Black Wednesday and the 1973 Oil Crisis, to name a few. Since 1992, the pound has been a free-floating currency and despite being a member of the European Union until 2020, the UK never adopted the euro.

The Polish Zloty

As the most traded currency in Central Europe, the Polish zloty (PLN) ranks 22nd in the forex market. The zloty began circulation in 1924 to replace the Polish marka, at a rate of 5.18 zloty per one US dollar. The Mennica Polska, in Warsaw, is the only body permitted to manufacture or mint zloty coins.

In the 1930s, Poland was experiencing an economic crisis and a huge debt burden. Between 1935 and 1939, Poland nationalised its major industries causing the economy to briefly stabilise. However, World War II crippled the economy again, with the government fleeing the country during the Soviet invasion.

After years of communist reforms following World War II, Poland entered into a deep recession between 1978 and 1994, after inflation surged and the zloty devalued. In the 1980s, hyperinflation in the country caused the currency to collapse, alongside poor economic productivity and severe public debt.

In the late 1980s and 1990s, the country was forced to liberalise the economy and transition state enterprises into private hands. From 1993, hyperinflation had reduced and the zloty regained the confidence of foreign investors.

Poland became a member of the European Union in 2004 but has not yet adopted the euro. The country was also the only economy in the EU to avoid recession during the 2008 global financial crisis. Today, the value of the zloty against the euro and the US dollar has been steadily increasing.

Trading GBP/PLN: Pros & Cons

Regardless of experience level, investing in the GBP/PLN pair will be more demanding than major forex pairs and will require a good level of commitment. Whilst there are some clear benefits, traders should also weigh up the various limitations and risks involved.


  • Volatile market – Exotic cross currencies are characterised by highly volatile and fast-moving prices. Experienced traders with a solid risk profile in place can profit from these sudden daily price swings.
  • Fast-growing economy – Over the past decade, Poland has developed its economy and enjoyed consistent growth, even after avoiding falling into recession in 2008. It is now ranked in the top 20 economies worldwide in terms of GDP.


  • High risk – As with any volatile market, the tempting opportunities also come with immense risks which can be extremely damaging if traders have not implemented appropriate money management techniques.
  • Low liquidity – Due to low liquidity, the GBP/PLN pair is more likely to experience unpredictable volatility and slippage, which many traders prefer to avoid.
  • Limited resources – Compared to other more commonly traded pairs, there are limited resources and data relating to GBP/PLN. Traders may therefore find it more difficult to keep on top of the news cycle.
  • Wider spreads – Because of lower liquidity in the market, brokers will charge a wider spread on pairs like GBP/PLN. Therefore, trading this pair is more feasible for those with more capital to invest.

What Factors Affect GBP/PLN?

UK Factors

Relative to other nations, the UK enjoys diversity within the financial, exports and manufacturing sectors. In fact, its global status as an economic superpower owes largely to the combination of English, Northern Irish, Scottish and Welsh resources.

Although it is technically classified as a service-based economy, the UK is one of the largest importers and exporters in the world. The nation depends on the banking, insurance and business-support sectors, as well as imports of foreign goods and services. The UK’s top trading partners are the US, Germany, France and the Netherlands, and its top industries include aerospace and pharmaceuticals.

To gauge the health of the economy based on these factors, traders should look out for macroeconomic data such as Gross Domestic Product (GDP). Since 2000, the UK experienced a significant downturn in GDP, compared to the highs of the 1970s and 1980s.

You can also find reports of inflation indicators, such as the Consumer Price Index (CPI) and interest rates, which are set by the Bank of England. Trade balances are also important in determining the performance of imports and exports in the UK.

More recently, political factors and other world events have been key drivers of economic performance in the UK. The Brexit vote, for example, has initiated severe uncertainty in the region since 2016. In 2020, the pound dropped to its lowest level against the dollar since 1985, due to the Coronavirus pandemic.

Poland Factors

The zloty has experienced a turbulent and chaotic valuation history, caused by numerous political-economic challenges and hyperinflation. Today, the country is still transitioning from post-communism to a capitalist economy.

The GDP per person is below the EU average and many inhabitants are still living in poverty. Reports on macroeconomic data and GDP will be important factors to watch when trading PLN against any currency.

The Polish central bank is the Narodowy Bank Polski (NBP), which implements monetary policies and aims to maintain price stability. Since 1998, the body has also been responsible for maintaining its inflation target. Any decisions made by the NBP will likely impact the direction of GBP/PLN.

In terms of industry and trade, over 90% of Poland’s economy consists of the industrial and service sectors, with steel and iron production, mining, chemical fertilisers and shipbuilding being the main industries. Poland’s key trading partners are Germany and Russia and popular agricultural exports include fish, potatoes, dairy products, speciality bread and chocolate.

Traders should keep an eye on international demand for Poland’s exports, which will play a major role in the value of the zloty. Poland is less dependent on external trade than some of its EU counterparts, though it still relies on substantial trade with the EU. Therefore, any change in major exports, coal and iron, will also influence the currency.

Furthermore, since Russia is a key trade partner, any volatility there will also affect the value of the zloty, which might include political or social unrest. Also, if Poland does decide to enter the eurozone and adopt the euro, traders should expect volatility in the GBP to PLN exchange rate.

How To Day Trade GBP/PLN

Now that we’ve covered the historical timelines and influencing factors of this dynamic pair, we can now consider the tools and strategies needed to start making forex predictions. The below should provide a solid starting point.

Technical Analysis

Technical analysis plays a large and important role in most comprehensive day trading methods. For exotic pairs like GBP/PLN, many traders will opt for various strategies including trend, breakout or range trading.

You can start by using a wider time-frame on your live daily chart rather than, say, a 5-minute graph, which will eliminate any initial fear of volatility. Trend trading strategies will involve identifying an overall trend and going long or short, depending on whether the market is bullish or bearish.

If you opt for range or breakout trading, utilise the support and resistance levels and supplement your analysis with popular chart patterns, such as descending triangles, wedges or pennants.

Make sure to utilise a good range of technical indicators to map out the historical GBP to PLN exchange rate on your live chart and identify any patterns over time. Most online providers will offer GBP/PLN chart history of at least 10 years, including XE and TradingView.

Fundamental Analysis

As we are trading outside of the eight major currency pairs, there is a greater risk of the price spinning off into another direction, due to a sudden political or economic event. As such, it is more difficult to keep on top of the news for emerging markets.

This highlights the importance of sound forex knowledge and commitment when trading volatile currency pairs. News resources, economic reports and GBP/PLN market sentiment should be your key tools.

You will also need to utilise a range of different outlets to get the information you need, including Yahoo Finance, Bloomberg or Reuters, though national Polish news is also a bonus if you are fluent in the language. Trader forums can also be excellent tools for trading ideas and analysis.

Remember, keeping on top of your fundamental analysis strategy will be vital in supporting your GBP to PLN forecast for 2023 and beyond.

Automated Trading

Automation in forex trading has increased in popularity in recent years, with vast libraries of custom robots and signals readily available on certain platforms. These tools can not only take the time and stress out of daily trading, but they can also cater to a range of strategies and GBP/PLN investing styles.

With that said, any trader thinking about employing algorithmic trading solutions should approach with caution. Many forex scams will claim to offer a fully tested bot and guaranteed profits, particularly targeted at novices.

GBP/PLN Correlation

Some currencies can be correlated with others, whereby the two instruments moving in tandem represent a positive correlation, whilst a move in opposite directions would represent a negative correlation.

For example, EUR/USD is positively correlated with GBP/USD because of the relationship between the euro and the pound. It might be worth looking out for any similar correlations between GBP/PLN and assets relating to the movement of Russian rubles, as the two nations are closely linked.

Risk Management

When dealing with exotic currency pairs like GBP/PLN, it’s best to test out the risky environment within a demo account first. Once you’ve determined a suitable strategy, you can backtest it within the platform to observe how it copes in the environment. You can then trade in demo mode without risking any real money.

Money management tools such as stop-losses and take-profits will also ensure that your account does not drop below or surge above your pre-determined parameters.

GBP/PLN Session Times

Traders should look to trade currency pairs when volatility peaks. As such, the best time to trade GBP/PLN is between 08:00 and 16:00 GMT, when the UK and European market sessions are open. Note that if you choose to trade outside these times, there will likely be higher spreads on GBP/PLN.

Final Word On Trading GBP/PLN

If you decide to start trading the GBP to PLN exchange rate, there are some considerations to be aware of. Firstly, as with any pair involving an emerging and less liquid market, the risks are higher. Whilst the profit potential can be attractive, it can lead to heavy losses if you lack appropriate experience. Keeping on top of economic news and employing robust technical analysis will be key.

Remember, you can always try out a GBP/PLN live chart to analyse historical data and forecast prices within a risk-free demo account. This way, you can witness the dramatic price swings first-hand and get an initial feel for how the market behaves. You can find demo accounts at most good brokers, including Oanda, XTB and IG.

Find out more about forex trading.


What Is GBP/PLN?

GBP/PLN is an exotic cross FX rate pair of the British pound (the base currency) against the Polish zloty (the quote currency). The quote determines how many PLN are needed to buy one GBP.

What Is The Difference Between PLN And Zloty?

The Polish zloty is the official currency and legal tender of Poland. Within the forex market, the currency is represented by the ISO code: PLN. Therefore, PLN and zloty are the same, but the terms are used in different contexts.

Why Is Zloty PLN?

The zloty is represented by the PLN ISO code where the first two letters represent the country, Poland (i.e. Polski) whilst the N is thought to represent the word ‘nowy’ which means ’new’. Before 1995, the old zloty currency was instead represented by PLZ.

What Is PLN In Pounds?

1 PLN to GBP varies throughout the trading day. If you need to find out how many PLN to the pound at any given time, you can find a GBP to PLN currency converter on several reputable websites, including XE and Transferwise. Online currency converters are excellent tools that can get you a quick quote, as well as historical data and analysis.

Should I Trade GBP/PLN?

The GBP/PLN pair can offer dynamic price swings which can be profitable if you have a sound knowledge of the market and the risks involved. Beginners should spend some time trading a few major pairs before venturing into the exotics and crosses.