EURGBP forms a double top as Brexit negotiations still drag on
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 traders await the Eurozone June trade balance data due at 9:00GMT as the price of EURGBP retreats from recent...
EURGBP seesaws today after yesterday’s sharp gains that drove the price close to 0.90 mark. Positive sentiment around the euro...
The EUR/GBP price continued its bullish trend on Friday as investors focused on the latest decision by the Bank of...
In a slow trading environment, the EUR to GBP exchange rate regained the 0.91 level. The move higher came just...
The EUR to GBP exchange rate hovers around the 0.90 level for quite some time now. Regardless of the developments...
EURGBP remains bid while above 0.90 but bears watch closely.
EURGBP lower on the back of strong employment data - bearish break points to lower values.
The 4-hour time frame reveals that the EUR to GBP exchange rate pushed beyond trend line resistance, but is there...
One of the most traded currency pairs, the EUR to GBP exchange rate, may also be the one to move...