CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance or future forecasts does not constitute a reliable indicator of future performance.
Download free app
ABOUT INSTRUMENT

Invest in EUR/GBP CFD

EUR/GBP is a popular currency pair in the forex market, which compares the Euro and British Pound. The exchange rate between these two currencies is affected by a variety of factors, including economic and political developments in the European Union and the United Kingdom, as well as global market trends.

One interesting fact about EUR/GBP is that it is one of the most traded currency pairs worldwide, due to the significant economies of the European Union and the United Kingdom. This pair has come into focus more and more in recent years as the Brexit vote and process heavily impacted both currencies involved. The volatility of this pair is often linked to political and economic news, such as Brexit negotiations, interest rate decisions by the European Central Bank (ECB), and economic data releases.

Investing in EUR/GBP requires knowledge of trading hours, which can affect the currency pair's volatility. The EUR/GBP is generally busy between 06:00 and 16:00 (GMT). However, theoretically, forex pairs can be traded 24/5.

Understanding the history of the currencies in the pair can also help with trading decisions. To fully understand this pair, and why many choose to trade EUR/GBP over other currencies, it's important to explore the origins of these two currencies and how they came together.

As with other forex indices, investors can trade the EUR/GBP using CFDs, which allow them to take advantage of leverage to increase their potential returns. However, it is important to note that trading with leverage can also increase the risk of losses, so investors should always exercise caution and carefully manage their positions.

XTB offers CFD trading for the EUR/GBP forex pair with near real-time movement tracking via our xStation trading platform.

Investors should also be aware of market sentiment when investing in EUR/GBP. For instance, according to recent data, traders are now net-short EUR/GBP for the first time since Apr 03, 2023. Another factor to consider is technical analysis, which involves studying charts to identify trends and patterns in the market.

Minimal spread
0.000010
Margin
3.33%
Leverage
1:30
Commission
-
Market hours
24 h from Sunday 11:00 pm to Friday 10:00 pm CET

Interesting facts

EUR/GBP, A Key Economic Indicator: The EUR/GBP exchange rate represents the price of the Euro against the British pound. For instance, if the EUR/GBP price is 0.85, it indicates that €1 is worth £0.85. This currency pair is closely watched by European and British Forex traders. 

The “Chunnel” Pair: The EUR/GBP pair is often referred to as 'Chunnel', a reference to the Channel Tunnel connecting the UK and France. It represents the major economies of Europe - the United Kingdom and the European Union - which are deeply interlinked. 

Trading Hours for EUR/GBP: The EUR/GBP currency pair can be traded 24/7 theoretically. However, its prime trading times are typically between 06:00 and 16:00 (GMT) when the currency pair becomes more volatile. These trading hours are primarily due to the active financial markets in Europe and the UK during these times.

Scalping Opportunities with EUR/GBP: The spread of the EUR/GBP pair, which is the difference between the buying and selling prices, typically ranges from 1 to 3 pips. This narrow spread might make the EUR/GBP an attractive choice for scalping strategies, despite its limited range similar to the EUR/CHF pair.

Low Volatility of the EUR/GBP: Due to the positive correlation between the EUR/USD and GBP/USD pairs, the volatility of the EUR/GBP tends to be lower than these two major pairs. This characteristic is crucial for traders who prefer stability and predictability in their trading pairs.

Understanding Base and Quote Currency in EUR/GBP: In EUR/GBP, the EUR is the base currency, while the GBP is the quote currency. This means that the pair reflects how much GBP is needed to purchase EUR. Hence, when trading EUR/GBP, one is essentially selling GBP to buy EUR.

Pound's Long History: The history of the pound dates back to around 775 AD, making it one of the oldest currencies. The pound's dominance was cemented through UK colonial conquests, making it the world's primary currency, both in circulation and reserve, at one time.

The Euro's Digital Beginnings: The euro, a relatively new currency, was initially introduced as a completely digital currency towards the end of the 20th century. Despite some challenges, it is now the national currency for a large portion of the European continent.

Impact of Brexit on EUR/GBP: The ongoing discussions surrounding Brexit have significantly impacted the EUR/GBP pair. Brexit, being a significant geopolitical event, has led to fluctuations and uncertainty in both the Euro and the British pound, affecting their exchange rate.

EUR/GBP's Role in Global Forex Trading: The euro is the world's second most traded currency, while the British Pound (GBP) is the world's third most traded currency, making the EUR/GBP pair highly liquid and popular among global forex traders.

 

Have all your investments always at hand

With award-winning and easy to use XTB investing app

Latest news

Keep your finger on the pulse with our latest news

BREAKING: EURGBP slightly loses after UK...

12 June 2024

BREAKING: EURGBP drops after UK jobs data

14 May 2024

BREAKING: EURGBP flat after UK data and final...

12 April 2024
See more news
GET ACCESS

How to trade EUR/GBP with XTB?

1. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

2. Make a deposit

Choose a deposit method convenient for you from a range of available ones, including instant and free payments.

3. Start investing

Choose from 20+ CFD commodities and 5700+ other instruments.

1. Download the app

Visit your mobile store and download our app completely for free

2. Open an account

Complete the form and send relevant documents - all without unnecessary formalities. The opening of an account depends on an appropriateness assessment, verified by a test.

3. Make a deposit and start investing

Choose a deposit method convenient for you from a range of available ones, including instant and free payments

WHY XTB

Why invest at XTB?

Innovative Platform

We are constantly working on the development of our proprietary and award-winning investment platform to make sure it suits all your needs. Available in both desktop and mobile versions.

Regulation

We are one of the largest stock exchange-listed bokers in the world, regulated by several reputable supervisory authorities. We are also covered by a compensation fund.

Multilingual and highly qualified Customer Support

Our support team is ready to help you 24 hours a day, from Monday to Friday.

TOP INSTRUMENTS

Check out more instruments

All forex
Education

Explore extensive Knowledge base

UK General Election 2024: What Investors Need to Know

GBP/EUR Forecast: What to expect in 2024 for the GBP against the EUR?

Understanding Forex Volatility: Causes, Effects, and Strategies

FAQ

Do you have any questions?

Forex trading in EUR/GBP is the buying and selling of the Euro against the British pound. It involves predicting the direction in which the exchange rate between these two currencies will move and making trades based on that prediction.

 

The EUR/GBP exchange rate is affected by various factors such as political and economic events in the UK and Eurozone, central bank policies, trade balances, inflation rates, and interest rates.

 

You can make a profit from trading EUR/GBP by buying the currency pair at a lower price and selling it at a higher price or by selling the currency pair at a higher price and buying it back at a lower price. The difference between the buy and sell price is your profit. However, forex trading involves a higher risk of losses, and investors should consider the risk before any investments take place.

 

Leverage in EUR/GBP forex trading is the use of borrowed funds to increase the potential return of an investment. It allows traders to control a larger position with a smaller amount of capital. However, it also increases the potential risk of loss.

 

You can manage your risk when trading EUR/GBP by setting stop-loss orders to limit potential losses, using proper position sizing, and avoiding overtrading. It's also important to stay up-to-date with news and events that may affect the exchange rate. Last, but not least, it’s important to understand the risks involved and have a risk management strategy in place before investing.

 

It is best to preced trading in FOREX with proper education - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

There is no recipe for succes in the FOREX market. However, there are some aspects that will help you become a better trader. Here are some tips: start with demo account (before risking real money - get a feel for the market and practice your trading strategy), develop a trading plan (it's important to have a clear plan in place before starting trading), use risk management tools (manage your risk when trading, through eg. Stop Loss orders), do not overtrade (it's easy to get caught up in the excitement of trading, but it's important to stick to your plan and not overtrade).

Financial markets are a very complex topic, as they are influenced by various factors, such micro- and macroeconomic events, policies or social changes. You should start your trading experience with proper education about the concepts, assumptions and laws that govern the markets - you can start with the Knowledge base we have prepared for you. Once you have the proper knowledge you should open a demo account to get a feel for the market and practice your trading strategy before investing real money. Remember that you can never have to much knowledge and you should constantly educate yourself during your presence on the financial markets.

Yes, FOREX investing can be risky. The value of currencies can fluctuate significantly due to a variety of factors, including economic conditions, political events and market speculation. It is important for individuals to carefully consider their own financial situation and risk tolerance before investing in FOREX.

When choosing a broker, you should consider a number of aspects related to its activity and offer. These things you should definitely consider: credibility of the invesment firm, cost and fees, instruments offered, investment platform, customer support and additional benefits. If you want to learn more about how to choose your broker visit: investresponsibly.com.

When choosing a FOREX platform there are several factors you should consider: platform ownership (proprietary platform are usually designed in the most intuitive way), availability of DEMO account (where you can test your knowledge practice strategies before risking real money), fees (commissions, spreads etc.), access to educational materials and market news. Before commiting to one platform you should carefully consider all above-mentioned aspects, as they will particulary contribute to the effectiveness of your trading.
Xtb logo

Join over 1 Million investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language