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country currency pairs eurgbp

Euro vs Great Britain Pound

Euro vs Great Britain Pound (EURGBP)

The EURGBP currency pair is a popular forex trading choice that tracks the exchange rate between the Euro EUR and the British Pound GBP.

-.-- -.--%
Annual change
-.--%
All time High / Low
0.69353 / 0.9605
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
0.82769
High
0.82994

EURGBP Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -8.97
  • Swap Short: 0.29
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of EURGBP

The history of the EURGBP currency pair is a reflection of the evolving economic and political relationship between the Eurozone and the United Kingdom. Before the Euro’s introduction, the pound sterling was traded against various European currencies. However, with the launch of the Euro in 1999, the EURGBP pair emerged as a major forex market. Over the years, its exchange rate has witnessed significant fluctuations driven by economic data releases, interest rate differentials, and geopolitical events. One of the most notable moments in its history was the UK’s decision to leave the European Union, which led to increased volatility and uncertainty. As a result, the EURGBP pair continues to be closely monitored by traders and investors for insights into the dynamics between these two major economies.

currency pair eurgbp

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Frequently Asked Questions

EURGBP is a currency pair that represents the exchange rate between the Euro EUR and the British Pound GBP. The exchange rate indicates the amount of British Pounds required to buy one Euro. This currency pair is widely used in trading and investing, particularly in the forex market. Traders and investors closely follow the fluctuations in the EURGBP exchange rate as it provides insights into the relative strength or weakness of the Euro and the British Pound, which can be influenced by economic data, political developments, and market sentiment towards the two currencies. Understanding the behavior of the EURGBP currency pair is important for businesses that frequently engage in international trade, as they need to monitor their exposure to exchange rate risks.

To trade the EURGBP pair, you can open an account with a forex broker that offers this currency pair. Once you have an account, you can use the broker’s trading platform to place buy or sell orders for the EURGBP pair. It’s important to analyze the market and identify potential trading opportunities using technical analysis tools and staying updated on market news. Additionally, set a trading strategy and manage your risk by using stop-loss orders and proper position sizing. Execute trades based on your strategy and closely monitor your positions.

The trading hours for EURGBP can be found here

There are various popular trading strategies for the EURGBP currency pair. One strategy is trend following, where traders monitor the exchange rate trend and enter trades in the direction of the trend. Another strategy is range trading, where traders place buy orders at the lower end of the price range and sell orders at the upper end of the range. Breakout trading is also a popular strategy that involves identifying key price levels and entering trades when the currency pair breaks through these levels. It’s important to note that traders should have a solid understanding of the market and risk management techniques to implement these strategies effectively.

When trading the EURGBP pair, there are several factors to consider. First, keep an eye on economic indicators and news releases that can potentially impact the exchange rate, such as interest rate decisions, GDP data, employment reports, and political developments. Additionally, monitor the overall sentiment towards the euro and the British pound, as well as any economic or political factors specific to the Eurozone or the UK. Technical analysis tools can also help you analyze historical price patterns, support and resistance levels, and trends in the EURGBP exchange rate. Lastly, keep in mind that currency pairs can be influenced by global market trends, risk sentiment, and geopolitical events, so it’s essential to stay informed about the broader market conditions.