EURGBP trades lower for second straight day approaching the critical support at the 100- day moving average as investors follow the Chancellor Rishi Sunak's mini-budget. Rishi Sunak is expected to announce
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 pairs 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
Yesterday was the first time in five trading days that EURGBP finished with a profit. Can it extend its gains with euro zone and UK reports on tap?
The EUR to GBP (EURGBP) pair rose by more than 0.25% today as traders reacted to a weak car sales numbers from the UK and the weaker-than-expected German factory orders. The pair is trading at 0.9040, which is the highest it has been in three days. UK auto sales dropped […]
The EUR to GBP pair is little changed today ahead of the important UK and eurozone PMI numbers. The pair is trading at 0.9000, which is sharply lower than this week’s high of 0.9176.
After its 80-pip loss on Tuesday, EURGBP gave up more ground in yesterday’s trading as market participants anticipate a Brexit deal. Where can we expect EURGBP to go next?
EURGBP trades to unchanged level as investors digest a set of economic data from Europe and the UK. German PMI and retail sales data beat the forecasts but as of writing failed to boost the common currency.
The EUR to GBP (EURGBP) pair is relatively unchanged today as traders reflect on Brexit and the positive news from the European Union. The pair is trading at 0.9137, which is a few pips below the highest point in March 24.
On Friday, EURGBP had a strong bullish run and tapped its highest levels in three months. WIth Brexit talks expected to intensify, can it extend its gains?
EURGBP has spent the past six trading days trading around its three-month highs. Will recent developments on Brexit cause it to break out?