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EUR/GBP: euro against the British pound

A practical guide to EUR/GBP: how the price is quoted, when it is most active, what drives it and how to size trades on it.

Last updated: · By Forexuro Desk · Editorial policy

Published · Reviewed by the Forexuro Desk editorial team

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Overview

EUR/GBP prices one euro in British pounds. It is a cross pair with no US dollar, so it isolates the relative outlook for the euro area and the UK. Because the two economies are closely linked, the pair often moves in narrower ranges than the dollar majors, with bursts of activity around ECB and Bank of England news.

How the quote works

A quote of 0.8370 means one euro buys 0.8370 pounds. One pip is 0.0001, worth 10 pounds on a standard lot of 100,000 euros, which makes it simple to size for UK accounts. New to quotes? Read how to read a forex quote and the glossary entries for pip and lot.

When it trades

EUR/GBP is a European session pair. Most of its activity comes between the London open and the late European afternoon, around euro area and UK data releases and the two central banks' decisions.

See the live market sessions clock to check which centres are open in your time zone.

What moves EUR/GBP

  • ECB versus Bank of England. The relative path of euro area and UK interest rates is the core driver.
  • Inflation and growth data. UK CPI and euro area HICP, plus PMIs from both sides.
  • Political and fiscal news. UK budgets and euro area fiscal stress, such as worries about French debt, can move the pair.
  • Trade relations. UK and EU trade arrangements remain relevant for longer term moves.

Key events and central banks

The central banks that matter most for EUR/GBP: European Central Bank, Bank of England. Current policy rates, sourced from each bank, are on our central banks page. These scheduled releases often move the market:

See all economic events explained.

Volatility explained

EUR/GBP is often quieter than GBP/USD or EUR/USD because two closely linked currencies are being compared, but it can move sharply when the ECB and Bank of England surprise in opposite directions. Use current ATR to size stops.

Forexuro does not publish a fixed "average daily range" for EUR/GBP here, because any such number goes out of date quickly and depends on the period chosen. Measure it on your own platform over the window you trade.

Pip value and position size

Use the EUR/GBP pip value calculator to see what one pip is worth in your account currency, then the position size calculator to turn your risk and stop into lots. Keeping risk per trade small, often 1% or less, is the main protection against a run of losses; see risk management for traders.

Forexuro EUR/GBP signals

Forexuro publishes forex signals with an entry, stop loss and take profit levels. See the forex signals page for how they work on this market. Every closed Forexuro trade is published on the trade history page. Daily market notes, including EUR/GBP when it is in focus, go out free on the Forexuro Telegram channel.

EUR/GBP in the Forexuro record

No EUR/GBP signals closed in the current results window (August 2026 to 23 October 2026). Across all markets in the same window the success rate is 87.7% from 240 closed signals, the figure on the results board.

Success rate is take profit closes divided by take profit plus stop loss closes, for signals closed from August 2026 to 23 October 2026, the same rolling window and method as the results board. Breakeven exits are not counted as losses and are listed separately. Pips are measured to the highest target reached and exclude spread, swap and slippage. Every signal since November 2023 is in the trade history and the CSV record; see how results are scored. Past results do not guarantee future results.

This week's outlook

Read the EUR/GBP weekly outlook for the week of 26 October 2026, a sourced analysis of the events and levels in focus, or browse all weekly forecasts.

Practical tips

  • A pip is worth 10 pounds per standard lot, so sizing is straightforward for pound accounts.
  • Look for divergence between ECB and Bank of England expectations.
  • Use the EUR/GBP pip value calculator for other account currencies.

Other markets: EUR/USD · GBP/USD · USD/JPY · USD/CHF · AUD/USD · USD/CAD · NZD/USD · XAU/USD

Frequently asked questions

Is EUR/GBP a major pair?

No. It is a cross because it does not include the US dollar, though it is one of the most traded crosses.

Why does EUR/GBP move less than GBP/USD?

The UK and euro area economies are closely linked, so many shocks affect both currencies.

What moves EUR/GBP?

The relative outlook for ECB and Bank of England policy, inflation and growth data, and political news.

What is a pip on EUR/GBP?

0.0001, worth 10 pounds on a standard lot.

Education only, not financial advice. Trading forex, gold and CFDs carries a high risk of losing money, and leverage magnifies both gains and losses. Past performance is not a reliable guide to future results. Read our risk disclosure.