Liverpool Exchange was a borough constituency within the city of Liverpool in England, centred on Liverpool Exchange railway station. It returned one Member of Parliament (MP) to the House of Commons of the Parliament of the United Kingdom, elected by the first past the post system.

George Joachim Goschen, 1st Viscount Goschen was a British statesman and businessman best remembered for being "forgotten" by Lord Randolph Churchill. He was initially a Liberal, then a Liberal Unionist before joining the Conservative Party in 1893.