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 Hit New 6-Month Lows Ahead of UK Data

UK retail sales report for the month of October showed that consumer spending declined by 0.1%. The figure disappointed market forecasts which called for a 0.2% uptick. Core retail sales also printed a negative reading of 0.3% versus the consensus of 0.2% growth. Year-on-year, consumer spending is up by only...

inflation

EURGBP Still Bearish After Inflation Data

Inflation data from the UK shows that overall consumer prices only rose by 1.5% in October compared to a year ago. The headline CPI figure missed expectations which called for a 1.6% uptick in prices. This is the lowest that level that UK inflation has been in the past three...

GBPUSD Under Pressure Ahead of PM Johnson Speech

Labour Party Leader Corbyn Alleges “Serious” Cyberattack

The EURGBP largely ignored allegations from the UK Opposition Labour Party's leader Jeremy Corbyn on a “very serious” cyberattack against the party's platform on Monday. Corbyn, who said that nothing had been downloaded as far as they knew, stated that he felt “very nervous” if “this is a sign of...

eurgbp

EURGBP Unchanged After Mixed UK Unemployment Data

EURGBP trading higher at 0.8598 just above the five-month lows and in tight trading range as the unemployment data failed to impress traders; the UK ILO Unemployment Rate (3M) came in at 3.8% below consensus of 3.9% in September. The Claimant Count Change came in at 33K, topping forecasts of...

EURGBP Tanks As Nigel Farage Says He Won’t Contest Tory Seats

The EURGBP has fallen steeply on reports that Pro-Brexit politician and member of the EU Parliament Nigel Farage will not field candidates against Members of Parliament from the Tory Party. Conservative MPs hold 317 seats from the last election. The implication of this announcement is that solidifies the Tory Party's [...]
Traders at their desks

Forex Focus on European Services PMI’s and EIA Crude Oil Stocks Change

European trading session starts today with German factory orders 7:00GMT followed by French services and composite PMI's due at 8:50GM German services and composite PMI's 8:55GMT, Eurozone services and composite PMI's wil be out at 9:00GMT. The Eurozone retail sales will be released at 10:00GMT. In the American calendar, the US Mortgage...