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 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


EURGBP News

EURGBP

EURGBP: Why is the EUR to GBP reversing course today?

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 […]

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Week Ahead: Will the NFP data surprise us again?

This week, the value of global stocks decreased as investors showed concern about the increasing number of COVID-19 cases in the US. While most of the states have recorded this trend, the most affected areas are Texas, California, and Arizona. Indeed, the situation is so critical that Apple has announced [...]