EURGBP has been trading in a range since June with the pair unable to break from a 300 pip range. Recent sterling strength has led to a test of the lower support but Brexit talks are now at a critical stage and a large move should be expected soon.
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 EURGBP pair is little changed today as the market digests the latest UK inflation data from the UK. The pair is trading at 0.8952, which is slightly below this week’s high of 0.9000. Consumer prices rose slightly in October, according to the latest report by the Office of National...
The EUR to GBP (EURGBP) pair is up by more than 0.30% as traders react to the disappointing economic data from the UK. It is trading at 0.8935, which is the highest it has been since Tuesday this week. UK Q3 GDP disappoints In my earlier UK Q3 GDP preview,...
The EURGBP pair could be an interesting one to trade this Thursday when central bankers meet via satellite on the ECB Forum on Central Banking. This online event, which began today, will end tomorrow with comments from the heads of the ECB, BoE and Federal Reserve. The key event will...
EURGBP lower on the back of strong employment data - bearish break points to lower values.
One of the most traded currency pairs, the EUR to GBP exchange rate, may also be the one to move the most in the end of the year trading. The whole year the Brexit saga influenced its ranges, with repercussions on the EURUSD and GBPUSD price action as well. The […]
EURGBP remains bid while above 0.90 but bears watch closely.
EURGBP was higher on Thursday after the Bank of England boosted its quantitative easing program by £150bn. The BoE also warned that the lockdown measures introduced for the coronavirus will see the economy hit.
The EUR to GBP (EURGBP) pair is relatively volatile today as traders remain focused on the American election. It is trading at 0.900, which is lower than the intraday high of 0.9032. The EURGBP pair is also reacting to mixed composite and services PMI numbers from Europe. According to Markit, […]
The EUR to GBP exchange rate moved in tight ranges recently. In fact, since May this year, the cross pair found a bid on every single dip, as the Brexit uncertainty weighed on any advance. Now that the European Central Bank (ECB) hinted at more easing to come in December […]