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 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 News

EURGBP at 2-Month Lows on Positive Brexit Developments

EURGBP at 2-Month Lows on Positive Brexit Developments

EURGBP gives up 0.76% at 0.8898, making fresh 2-month lows after positive Brexit developments. On the macro front the European Monetary Union Trade Balance n.s.a. came in at €24.8B, topping forecasts of €17.4B in July. The EU Labor Cost rose from previous 2.4% to 2.7% in 2Q On the technical analysis [...]
EURGBP Strong Rebound From the 50 Day MA

EURGBP Strong Rebound From the 50 Day MA

EURGBP gives up 0.28% at 0.8972, close to monthly lows as the pair trades below the ascending channel that drove the pair to yearly highs. Traders await the ECB decision on Thursday for more clarity. On the technical analysis side the bulls have lost steam as EURGBP testing the last [...]
Forex Focus on UK Employment Data

Forex Focus on UK Employment Data

EURGBP traders await the France July industrial and manufacturing production data due at 6:45 GMT, from Italy July industrial production data, will be released at 8:00GMT. In UK July average weekly earnings, UK July ILO unemployment rate, UK August jobless claims change, rate all to be released at 8:30GMT. In [...]
EURGBP Bears Targeting 0.8916

EURGBP Bears Targeting 0.8916

EURGBP gives up 0.45% at 0.8963, making fresh monthly lows as the pair trades below the ascending channel that drove the pair to yearly highs. UK Parliament voted a bill to force Prime Minister Boris Johnson to request an extension if he is unable to agree to a Brexit deal [...]
Forex Focus on Brexit

Forex Focus on Brexit

All eyes will be on Brexit developments for one more day, EURGBP traders await the services PMI, here is the schedule: Spain August services, composite PMI at 7:15GMT Italy August services, composite PMI at 7:45GMT France August final services, composite PMI at 7:50GMT Germany August final services, composite PMI at [...]
EURGBP Breaches The 50 Day MA

EURGBP Breaches The 50 Day MA

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 Testing the 50 Day Moving Average

EURGBP Testing the 50 Day Moving Average

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 […]