Excellent EURGBP Market Analysis, Latest News

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 Trades in a Triangle Ahead of BOE Rate Decision. Here are the Levels to Watch Out For

Forex

·Jun 18, 2020, 05:12 BST

EURGBP is trading higher in today’s Asian session ahead of the much-anticipated BOE rate decision. Here's what we can expect today.

EURGBP Tumbles After Another Brexit Deadline Passes

Forex

·Dec 14, 2020, 08:41 GMT

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 turns lower as data shows that Germany is staging a comeback

Forex

·May 25, 2020, 10:15 BST

The EURGBP pair declined slightly as the market reacted to mixed economic data from Europe. The pair is trading at...

EURGBP Unchanged After the UK and European Manufacturing PMI’s

Forex

·Jul 01, 2020, 10:16 BST

EURGBP trades to unchanged level as investors digest a set of economic data from Europe and the UK. German PMI and retail sales data beat the forecasts but as of writing failed to boost the common currency.

EURGBP Unchanged as Euro Zone and UK PMIs Top Forecasts; UK Eases Lockdown Restrictions

Forex

·Jun 24, 2020, 04:51 BST

EURGBP gave up all of its gains yesterday after it tapped its highest levels for 3 months. Technicals suggest more downside potential ahead.

EURGBP Unchanged Despite Merkel Warning Both EU and the UK to Brace for a No-Deal Brexit

Forex

·Jul 09, 2020, 05:00 BST

EU President and German Chancellor Angela Merkel warned that the UK and EU may not come to an agreement but EURGBP seemed to have shrugged off her concerns.

EURGBP Under Pressure As EU Ministers Failed To Agree On Rescue Plan

Forex

·Apr 08, 2020, 12:08 BST

EURGBP is under pressure today after EU finance ministers failed to reach an agreement on a rescue plan to support the coronavirus hit economies. The European economy has been struck hard

EURGBP Under Selling Pressure on Diverging Economic Data from the UK and Euro Zone

Forex

·Jun 09, 2020, 05:35 BST

Remember the head and shoulders chart pattern on EURGBP yesterday? It would look like the currency pair is already trading below the neckline support.

EURGBP Upside Capped At 200-Day Moving Average

Forex

·Apr 15, 2020, 10:48 BST

EURGBP rebound today after three consecutive days of losses supported by comments from Eurogroup Chairman, Mario Centeno that he does not rule out the use of Eurobonds

EURGBP: Bank Of England Boosts Pound

Forex

·Aug 06, 2020, 10:25 BST

The Bank of England (BoE) kept rates unchanged at record low levels of 0.1% and left the asset purchases programme unchanged. Andrew Haldane voted against an increase of purchase UK government bonds by an additional 100 billion.

EURGBP: Bearish Triangle Broke Lower

Forex

·Aug 11, 2020, 08:52 BST

The EURGBP currency pair flirted with the 0.90 level for quite some time now. Over the past two months, it...

GBPUSD Under Pressure Ahead of PM Johnson Speech

EURGBP: Brexit Talks Hit Crunch Time and Could See a Large Move

Forex

·Nov 18, 2020, 13:58 GMT

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.

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