EUR/GBP - Euro / British Pound - Forex Currency Pair

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EUR/GBP Quotes

EUR/GBP Analysis


The EUR / GBP Currency Pair (Euro / British Pound) is the exchange rate of the euro expressed in British Pounds. It expresses the value of one Euro in British Pounds. From 2008 to 2010, the volatility of the Euro / British Pounds was about 90 pips. So this pair is not volatile.

The EUR / GBP is the 8th most traded pair just behind the EUR / JPY and represents 3% of total transactions on the FOREX in 2010. The EUR / GBP is deemed to be a pair in trend. Indeed, there are often long upward or downward trends. It is therefore a pair adapted to Swing Trading. However, scalpers will enjoy much less because of the lack of volatility.

The most important movements on the pair will occur in response to various economic announcements that occur throughout the day. The economic news on the GBP (British Pound) are published most often in the morning and 10:30 (GMT+1) and then at 11:00, it's time for business news on the euro.

Since its creation, the EUR / GBP moved between 0.5673 GBP at its lowest in May 2000 to 0.98 GBP at the end of 2008.

The pair EUR/GBP is quoted in 4 decimal places but you can sometimes find 5 with some brokers. The exchange rate is floating and therefore subject to the law of supply and demand on the interbank forex market.

Both central banks linked to the pair Euro / British Pound are the European Central Bank (ECB) for the EUR and the Bank of England (BoE) for the GBP. Both banks rarely intervene directly to change the exchange rate. However, all decisions taken by these two central banks have a strong impact on the evolution of the EUR / GBP (changing interest rates, asset buyback program ....)

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The Euro is the currencies of the countries member of the European Union which have adopted the Euro. The Euro was introduced on January 1st 2002 in 11 countries and gradually other countries have also adopted the Euro as shown in the map below:


The euro is the second most traded currency on the Forex. It is present in 39.10% of transactions in 2010. Its overall share in the number of transactions increases gradually each year but still far from the dollar and its hegemony. In 2004, the euro was present in 37.40% of transactions on Forex. The Euro is a currency of reference both in the foreign exchange market and in international trade. The euro is also the first currency in terms of banknotes in circulation.

The Euro is however considered as a currency risked. Investors buy the euro if they think the global economy is healthy. However, in times of crisis, the dollar appreciates against the euro. Indeed, the dollar is considered a safe haven.

The Euro (EUR) is controlled by the European Central Bank (ECB) which is responsible for making monetary policy decisions.


The British pound (GBP) is the currency of England and Northern Ireland. This currency is the 4th most traded currency on Forex behind the U.S. Dollar, Euro and Yen. The British pound is present in 13% of transactions made on the Forex in 2010.. This is due largely to the fact that London is the most active financial place on the Forex because it represents 41% of the total volume of transactions.

The pound has historically been a strong currency reaching the price of 2.10 on GBP / USD in late 2007. Despite a drastic fall of the pound during the crisis, the currency is a currency of reference both in the Forex trade and international exchange.

 The England is also very attached to its currency and the England refused to adopt the euro. You can see below a £ 20 banknot:

GBP British Pound

The British pound is controlled by the Bank of England (BoE), which is responsible for making monetary policy decisions

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