The EURGBP pair was little changed today as the market waited for more information from Eurogroup ministers who are meeting. The meeting comes a day after key differences prevented the ministers from making a deal on coronavirus financing.
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 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
The EURGBP pair rose slightly as the market tried to digest latest information from Europe. In Europe, data from several countries suggest that the number of new Coronavirus infections and deaths are rising. As a result, countries like Belgium, Spain, and Italy have talked about easing the current restrictions.
The EURGBP pair declined by about 0.40% as the market reacted to multiple news from across Europe. From the UK,...
EURGBP continues lower for the ninth consecutive session after European Monetary Union Services PMI came in at 26.4 below the expectations of 28.4 in March.
The EUR to GBP pair continues lower for the eighth consecutive session as the British pound strengthens across the board....
The EURGBP pair dropped by more than 40 basis points as the market tried to understand the incoming data from...
The EUR to GBP pair managed to rebound today after five consecutive trading days of loses as the correction from seven-month highs stalled at 0.8880.
The EUR to GBP pair trades lower for the fifth consecutive trading day as a correction from seven-month highs continues. The euro jumped on the news last
EURGBP jumped to 0.9092 after the news that PM Boris Johnson tested positive for Coronavirus. Boris Johnson over the last...