Pip Calculator UK 2026
Instantly calculate the pip value of any forex trade in GBP. A free UK trading tool for working out pip profit, loss and position sizing before you trade.
Pip Value Calculator
Enter your trade details to calculate pip value in GBP
Select the pair you’re trading. Pip size auto-adjusts for JPY pairs (0.01).
The pip movement you want to value, e.g. your stop-loss or take-profit distance.
The GBP value of 1 unit of the quote currency (the second currency in the pair). For GBP-quoted pairs, enter 1.
Your Pip Value Estimate
Pip value and total exposure breakdown
Enter your trade details above and click Calculate Pip Value to reveal your pip value in GBP.
Standard Lot Size Benchmarks
Quickly reference how trade size affects the approximate pip value on a typical major pair, before applying your own exchange rate.
| Lot Type | Units | Approx. Pip Value (Major Pair) |
|---|---|---|
| Standard Lot | 100,000 | ≈ £7.90 per pip |
| Mini Lot | 10,000 | ≈ £0.79 per pip |
| Micro Lot | 1,000 | ≈ £0.08 per pip |
| Nano Lot | 100 | ≈ £0.01 per pip |
Pip Calculator FAQ
Everything you need to know about pip values, lot sizes and calculating forex exposure in GBP.
A pip (percentage in point) is the smallest standardised price movement a currency pair can make. For most currency pairs a pip is a movement in the fourth decimal place (0.0001). For pairs involving the Japanese Yen, a pip is a movement in the second decimal place (0.01).
Pip value is calculated by multiplying the pip size (0.0001, or 0.01 for JPY pairs) by the trade size in units. This gives the pip value in the quote currency. To express it in GBP, the result is then converted using the current exchange rate between the quote currency and GBP.
A standard lot represents 100,000 units of the base currency, a mini lot represents 10,000 units, and a micro lot represents 1,000 units. Larger lot sizes mean each pip movement has a greater monetary value, which increases both potential profit and potential loss.
Pip value depends on the quote currency of the pair and the current exchange rate. Because exchange rates fluctuate constantly, the GBP value of a single pip on the same trade size can differ from one pair to another, and can change day to day even on the same pair.
Leverage does not change the pip value itself, since pip value is based purely on trade size and exchange rate. However, leverage affects how much margin is required to open that trade size, which changes the risk profile relative to the trader’s account balance.
Knowing the pip value in GBP allows a trader to work out exactly how much a stop-loss or take-profit level is worth in monetary terms before entering a trade, making it easier to size positions appropriately relative to account balance and risk tolerance.