EUR/GBP

Euro (EUR) to British pound sterling (GBP) exchange rate.

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of

Product Type: CurrenciesMarket: Global
Trading Hours:  24 hours, Mon-Fri.
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Description:

EUR/GBP is among the most popular currency pairs in the foreign exchange market. Its base currency – euro – is the 2nd most used currency in global trade finance (after the dollar), and its quote currency – the British pound sterling (commonly known simply as the pound) – holds the number 4 spot. EUR is the single currency of most 28 EU member states, which together make up the Eurozone (a geographical area comprising the 2nd largest trading bloc in the world after the USA). GBP is the official currency of the United Kingdom and is both heavily-traded and reserve-held by governments and financial institutions across the globe.   

Interesting Facts:

  • The EUR/GBP has an exceptionally high level of liquidity and trading volume.
  • Euro is the single currency of the Eurozone, consisting of 19 of the 28 EU countries. It is also one of the top 3 reserve currencies of the world.
  • British pound sterling is the 3rd most held reserve currency, accounting for approximately 4% of global reserves.
  • Talk about the UK joining the Eurozone economic and monetary union (and as a result giving up the pound in favour of the euro), has a major impact on the euro to pound exchange rate.