EURGBP

In this section, you will find important EURGBP news, actionable trading ideas, and a live EURGBP chart to help you better understand the forex pair.

EURGBP is a Forex pair that shows how many Pounds it costs to buy one Euro. The Euro is the so-called base currency, while the Pound is the quote currency in this pair. The EURGBP is one of the most popular trading pair in European FX markets, the pair is therefore considered to be one of the “Majors Pairs.” The Euro – Sterling started trading when the euro created on January 1, 1999.

The price of the EURGBP depends on the supply and demand of the Euro and the Pound Sterling. The factors that affect supply and demand are the relative interest rates, the GDP growth, inflation, unemployment rates, balance of payments, and other macroeconomic figures.

The Bank of England (BoE) and the European Central Bank (ECB) are the two institutions that EURGBP traders follow to get an idea about the future moves of the pair. Traders also watch Germany and France, the two biggest economies in Europe that affect the price of the euro.

Live EURGBP Chart


EURGBP News

EURGBP

EURGBP Higher on Better Germany Ifo Survey Data

The EUR to GBP trades higher today getting a boost from better IFO business survey from Germany. The Germany IFO Business Climate came in at 96.1 beating the forecasts of 95.3 in February. The IFO Business Climate in Germany came in at 96.1 above the expectations. The IFO Current Assessment [...]
EURGBP

EURGBP Pair Losses Keeps The Rebound Alive

EURGBP pair early losses and return close to the unchanged level, as the common currency today attracting some bids helped by better manufacturing data from Germany. It looks like the day will end with an indecisive close, neither sellers nor buyers were able to gain control during the session. The [...]
EURGBP

EURGBP: Weak Zew Figures Pressures Euro Across the Board

EURGBP resumed the downtrend after a short break yesterday. The pair is under selling pressure after a big miss in the German Zew survey. The February 2020 ZEW economic sentiment came in at 8.7 much worse than the expectations of 21.5 the previous reading was at 26.7. The Current conditions [...]
EURGBP

EURGBP Rebounds On Stronger European Employment Change

EURGBP trades higher today after four consecutive sessions of losses. Strong economic data from the UK boosted British pound. Today, slightly better German GDP data helps the pair to recover some of yesterday’s losses. The yearly reading for the German GDP registered at 0.3% beating the expectations of 0.2%. German [...]
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EURGBP At Two Month Lows, Bears Target December Lows

EURGBP pressures continue amid general euro weakness. Weak economic data out of Germany  and renewed recession fears push the common currency lower. The European Commission in its Winter 2020 Economic Forecast report left its growth forecast for the eurozone for 2020 and 2021 unchanged at 1.2%. The German GDP forecast raised [...]
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EURGBP Bears in Control Below 0.8478

EURGBP continues lower for the third consecutive trading session amid GBP strength across the board. Bank of England Governor Mark Carney said yesterday in his testimony before the Economic Affairs Committee that the low-interest rate economic environment adds to the government's fiscal policy. He also added that public infrastructure and [...]
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EURGBP Lower on Weak German Economy Data

EURGBP is 0.10% lower at 0.8486 as the euro got hit by weak economic data out of Germany. Germany Industrial Production for December came in at -3.5% below the forecasts of -0.2%. The yearly reading for Germany Industrial Production also was a big miss, the reading came in at -6.8% [...]