EUR
GBP
What EUR/GBP is
EUR/GBP, often written as EURGBP or called "euro pound," is the price of one euro in British pounds. The euro is the base currency, the one you buy or sell. The pound is the quote currency, the one the price is expressed in.
If the quote rises, the euro has strengthened against the pound. If it falls, the pound has strengthened against the euro. Neither currency is the US dollar, so EUR/GBP is a cross pair. See majors, minors, exotics for how pairs are grouped.
The euro area and the UK are close trading partners with economies that are linked in many ways. The pair often moves in narrower ranges than pairs like GBP/USD or EUR/USD, but it can still move sharply on central bank surprises.
How to read the quote
A platform shows a bid (the price you sell at) and an ask (the price you buy at). The gap between them is the spread, which is a trading cost.
- Buying EUR/GBP means you expect the euro to gain against the pound.
- Selling EUR/GBP means you expect the pound to gain against the euro.
MetaTrader shows an extra small digit after the pip digit. This is a fractional pip, sometimes called a pipette.
Pip size and pip value per lot
A pip is the standard price step used to measure moves. EUR/GBP uses the same pip size as other non-yen pairs. The exact digits are listed in the symbol specification in your platform.
A lot is the trade size unit. Because the pound is the quote currency, the value of one pip per standard lot is a fixed amount in pounds. If your account is in USD or PKR, that pound amount is converted at the current GBP rate. Your pip value in account currency therefore changes as GBP/USD moves, even when EUR/GBP does not.
Use the calculator below to see pip value for your lot size in both GBP and your account currency.
Fill in the empty fields to see the result.
Margin and leverage
Margin is the amount your broker sets aside to keep a position open. Leverage is the ratio between your position size and that margin. Higher leverage means less margin per trade. It also means a smaller price move can wipe out your balance. Leveraged forex and CFD trading can lose money fast.
Fill in the empty fields to see the result.
What tends to move EUR/GBP
The pair reacts to the difference between euro-area and UK news. Good news for both sides at once may move it very little.
Euro side
- ECB policy: interest rate decisions, the press conference and guidance from the European Central Bank.
- Euro-area inflation: flash and final HICP releases.
- PMIs: business surveys for manufacturing and services, especially the flash releases.
- German data: Germany is the largest euro-area economy. Ifo, ZEW, factory orders and German inflation can move the euro.
- Energy prices: the euro area imports much of its energy, so gas and oil price swings affect its growth and inflation outlook.
Pound side
- BoE policy: Bank of England rate decisions, the vote split of the Monetary Policy Committee and the minutes.
- UK CPI and wages: inflation and average earnings data shape rate expectations.
- Gilt yields: UK government bond yields reflect rate expectations and fiscal confidence.
- UK fiscal news: budgets, borrowing figures and political events that affect confidence in public finances.
The pound side is often seen as more sensitive to domestic surprises, but this varies over time. Use the economic calendar approach to track both sides. Learn more in fundamental analysis.
Liquidity by session and spread behaviour
- London session: the main period for EUR/GBP. Both currencies' home markets are open, and liquidity is usually deepest.
- Overlap with New York: activity often stays high while European desks are still trading.
- Asian session: thinner liquidity. Spreads tend to be wider and moves can be uneven.
- Daily rollover: around the trading day close, spreads often widen for a short time.
- News releases: just before and after ECB, BoE, CPI or wage data, spreads can widen and slippage can occur.
On Exness, orders opened from 15 minutes before to 90 seconds after high-impact news fall under higher margin requirements (HMR). For forex, leverage during HMR is 1:200 (0.5%).
EUR/GBP at Exness: what the sourced facts say
These are general account conditions. The EUR/GBP symbol specification (contract size, digits, swap, trading hours) is not listed here. Check it in the platform: right-click the symbol in Market Watch and open the specification.
| Condition | Standard | Standard Cent | Pro | Raw Spread | Zero |
|---|---|---|---|---|---|
| Spread | From 0.2 pips | From 0.3 pips | From 0.1 pips | From 0 pips | From 0 pips |
| Commission | No commission | No commission | No commission | Up to 3.50 USD each side per lot | From 0.05 USD each side per lot |
| Margin call | 60% | 60% | 30% | 30% | 30% |
| Stop out | 0% | 0% | 0% | 0% | 0% |
The "from" spreads are minimums. Actual EUR/GBP spreads vary with market conditions.
Other limits that apply:
- Minimum lot: 0.01 lot.
- Maximum lot: 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0).
- 0% stop out not supported in some countries; may vary.
Unlimited leverage covers Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. It applies only on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Check in the platform whether EUR/GBP is classed as a minor for this rule.
Clients registered from Pakistan are on the Exness list of countries where swap-free status is assigned automatically. Check your current status in the Personal Area. See also swap fees and account types.
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Legal position in Pakistan
On payments, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. Read law and regulators before opening any account.
Frequently asked questions
Is EUR/GBP a major pair?
No. It is a cross pair because it does not include the US dollar. It is still one of the more actively traded crosses.
Why does my pip value change when the EUR/GBP price has not moved?
Pip value is fixed in pounds. If your account is in USD or PKR, the conversion depends on the current GBP rate, so the pip value changes when that rate changes.
When is EUR/GBP most liquid?
Usually during the London session, when both euro-area and UK markets are open. Liquidity is thinner in the Asian session and around the daily rollover.
Which news matters most for euro pound?
The most important events are ECB and BoE decisions, euro-area and UK inflation, UK wages, PMIs and German data. Energy prices and UK fiscal news can also move the pair.
Where do I find the exact Exness specification for EURGBP?
Open the symbol specification in MetaTrader or the Exness terminal. You can also check the official Exness site, since conditions can change.
Does this page give EUR/GBP analysis or trade ideas?
No. It explains how the pair works and what tends to move it. It gives no price levels, forecasts or buy/sell ideas.
