EUR/GBP
High: 0.8293
Low: 0.8293
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
The currency pair is the British pound sterling (EUR / GBP).
The currency pair EUR / GBP determines the exchange rate of the two most powerful European currencies - the euro and the British pound sterling. Due to the fact that the pound has always been stronger than the euro, the value of the quotation is less than one.
One of the most significant factors influencing the rate of the British pound on forex is the change in the value of GDP. According to this indicator, the UK economy is on the 5th place in the world, behind Germany, but ahead of France. The UK has a negative foreign trade balance. The main export destinations are the United States, Germany, France, the Netherlands, Ireland.Tthe top five countries with the biggestimports into the United Kingdom: Germany, China, the USA, the Netherlands, Belgium.
Other important factors affecting the quotes of the pound sterling: data on the trade balance, inflation, statistics on industrial production, retail sales, employment, interest rates. The dynamics of this currency pair is influenced by intra-European political events, which may have both a long-term influence (Brexit), the problem of migrants, and short-term - government resignations, terrorist attacks. It is especially necessary to note the policy of the Bank of England, which assumes that the inflation rate will stay at the level of 2%.
The currency pair EUR / GBP is built on the principle of direct quotation. The base currency is EUR, euro, and quoted - GBP, pound sterling. The growth of the currency pair means strengthening of the euro against the pound sterling, that is, EUR need more than GBP to buy. A decrease in the exchange rate indicates a strengthening of the GBP. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
Pound sterling (currency sign - £, bank code: EUR) is the national currency of Great Britain (United Kingdom of Great Britain and Northern Ireland). Also, the British pound has circulation on the islands of Guernsey, Jersey, the Isle of Man located in the Irish Sea and in the English Channel. On the British overseas territories: the Falkland Islands, Gibraltar, the islands of St. Helena, the Ascension and Tristan da Cunha. The functions of the central bank are performed by the Bank of England, which is responsible for managing the country's monetary policy.
Various cryptocurrency exchanges enable you to purchase EUR/GBP . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase EUR/GBP directly from other buyers and sellers using different payment methods
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
When trading the EUR/GBP, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the EUR/GBP can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.