EURGBP pared early loses and now trades positive after Germany IFO business surveys beat the expectations. The Business Climate came in at 92.6, slightly better than the expectations of 92.2.
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.
EURGBP was 0.20% higher on Monday after the pair found support on Friday around the 0.8940 level. The Pound has...
One of the currency pairs that consolidated the most recently is the EURGBP. The EUR to GBP exchange rate hovered...
EURGBP tested the 0.90 mark for the second time the last five trading sessions and managed to rebound. Investors focus has shifted to the new round of negotiations between the EU and UK, which started in Brussels yesterday.
EURGBP give up early gains and turns lower in a quiet session as investors shift their attention to the new round of Brexit negotiations between the UK and EU.
One of the slowest currency pairs during the pandemic was the EURGBP. The EUR to GBP exchange rate hovers around...
EURGBP retreat from daily lows as the euro makes a comeback after the second reading of Eurozone GDP came in at -12.1% in line with expectations.
One of the pairs that perfectly illustrates summer trading conditions is the EURGBP cross. Since June, it just hovers around...
EURGBP attempts to stabilize after the recent correction as economic data from the UK failed to impress investors.
The EURGBP currency pair flirted with the 0.90 level for quite some time now. Over the past two months, it...