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 […]
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 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.
EURGBP was higher after the UK and the European Union decided to continue trade talks beyond Sunday’s deadline. There was a potential of a No Deal Brexit occurring this weekend, but many traders have seen these deadlines come and go before…
EURGBP was higher on Thursday after Boris Johnson’s dinner trip to Brussels provided little fruit. The Euro to GBP pair was up 0.75% at 0.9080 and the day ahead sees an ECB interest rate announcement.
EURGBP was trading at 0.9100 on Monday with a gain of 1% as negotiators kick off a tense day in the Brexit timeline. The day starts with a pre-dawn meeting with the 27 member countries to test the limits of a deal and there is also an ECB interest rate meeting on Thursday when the EU summit starts so a volatile week is in store for the euro pound rate.
The EURGBP dipped yesterday but the pound is not out of the woods with Brexit at a “critical stage”. The European Central Bank also meets next week to announce their latest decision on interest rates.