The EUR/GBP is at an inflection point ahead of the Bank of England (BOE)’s decision later in the trading day. The market participants expect the BOE to announce the tapering of its quantitative easing program, and so the event should generate a bullish reaction for the British pound. However, it […]
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
The EUR/GBP is down for the past two straight days as traders reflect on the mixed economic numbers from the United Kingdom (UK) and the European Union (EU). The pair dropped to 0.8653, which is slightly below yesterday’s high of 0.8698. What happened: The Office of National Statistics (ONS) published […]
The EUR/GBP cross pair remains under tremendous pressure a few hours ahead of the Bank of England’s decision. After it formed a double top in the last days of 2020, the pair started a steady decline, one that looks poised to continue. We are still yet to see the economic […]
The Pound continued its dominance over the Euro on Monday, as traders have pitched their tents with the UK’s successful vaccination campaigns, in place of the largely disorganized vaccination regimens in Europe. Data released by the Commodities and Futures Trading Commission (CFTC) in its positioning report indicates that the Pound […]
The Sterling has surged versus the Euro amidst growing speculator interest and the UK Prime Minister’s plan for reopening the economy. The latest CFTC Positioning Report indicates that the net long positions on the British Pound have increased as speculators add to their net long positions. This is coming as […]
The EUR/GBP cross pair is in a bearish trend ever since 2020 started. After the Brexit deal at the end of 2020, the cross did not look back as the Pound rose aggressively across the board. Mostly, this is a GBP move rather than a Euro move. The British Pound […]
The EURGBP was lower by 0.40% in early trading on Thursday as the U.K. and European Union looked ready to announce a formal Brexit agreement. The U.K.’s media are expecting Boris Johson to announce the terms of the deal later this morning at Downing Street. The outline of a limited […]
The EURGBP was trading lower on Wednesday as sterling gains on hopes of a Brexit deal. An agreement is still not looking likely but traders are acting with caution incase there is a sharp move. Despite the small range trading over the past months, there is still the potential for […]
The EURGBP rate was 1.55% higher after further drama over the virus saw London and the rest of the U.K. move into strict lockdown. The situation worsened as European countries banned travel between Britain and a Brexit deal is still not agreed.
The EURGBP was trading lower on Wednesday after traders remained hopeful of a positive Brexit outcome. The pound shook off a higher unemployment rate and a Tier 3 strict lockdown in London to gain on the euro.