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 adds 0.43% at 0.9071 recovering from early losses down to 0.9025, and managed to break above the 50 day moving average at 0.9062 making an attempt to enter inside the ascending channel from May 2019. On the data front, EU Markit Manufacturing PMI came in at 47 in line […]
EURGBP gives up 0.08% at 0.9068 testing the 50-day moving average support at 0.9060 making an attempt to enter inside the ascending channel from May 2019. On the data front, Germany Retail Sales (month over month) came in at -2.2% below expectations of -1% in July, the yearly reading increased […]