EUR/GBP pip value calculator
What one pip on EUR/GBP is worth for your lot size, in USD, GBP or EUR, with the pair's pip size, contract specification and what moves it.
EUR/GBP pip size and contract specification
EUR/GBP is the price of one euro in pounds sterling. It is a cross pair with no US dollar in it, so US data usually moves it less than the dollar pairs.
| Specification | EUR/GBP |
|---|---|
| Base currency | EUR (euro) |
| Quote currency | GBP (pound sterling) |
| Pip size | 0.0001 (fourth decimal place) |
| Pipette (fractional pip) | 0.00001 |
| Standard lot | 100,000 EUR |
| Mini lot | 10,000 EUR |
| Micro lot | 1,000 EUR |
| Pip value per standard lot | 10 GBP |
Brokers set their own contract terms, so confirm the lot size and quote precision in your platform's symbol specification.
EUR/GBP pip value by lot size
The pip value in the quote currency is fixed: pip size × units traded. One standard lot of 100,000 EUR × 0.0001 = 10 GBP per pip. Profit is paid in pounds, so a USD account converts £10 per standard lot into dollars: about $13.39 at the reference rates. A GBP account receives a fixed £10 per pip per lot.
| Lot size | In GBP | USD | GBP | EUR |
|---|---|---|---|---|
| Micro (0.01) | 0.10 GBP | $0.13 | £0.10 | €0.12 |
| Mini (0.10) | 1.00 GBP | $1.34 | £1.00 | €1.19 |
| Standard (1.00) | 10.00 GBP | $13.39 | £10.00 | €11.94 |
Converted with this site's reference rates dated 22 October 2026. The calculator above uses the current rates when you open it.
Worked example
A buy on EUR/GBP at 0.8373 that closes at 0.8423 has moved 50 pips. On 0.10 lots that is 50 × 1.00 GBP = 50.00 GBP, or about $66.97 for a USD account at the reference rate.
What moves EUR/GBP
The pair reflects policy at the European Central Bank and the Bank of England. Drivers that often move it include euro-area and UK inflation and growth data. Activity is usually highest during the London session; see the market hours clock for the times in your zone.
Why EUR/GBP is the simplest pip value for a UK account
EUR/GBP is quoted in pounds, so on a sterling account there is no conversion at all: one pip is £10 per standard lot, £1 per mini lot and £0.10 per micro lot, and that does not change with the exchange rate. Profit and loss on the trade lands in your account in the same currency it is earned in.
The euro side still matters for margin. The position's value is 100,000 euros per standard lot, which is £83,730 at the reference rate of 0.8373. EUR/GBP counts as a major pair under the FCA's retail rules, because both currencies are on the regulator's list, so the 30:1 leverage cap applies and the minimum margin is about £2,791 per lot at that rate. The margin calculator uses current prices.
Sizing a EUR/GBP trade
Example only. The figures below are illustrative, use the reference rates dated 22 October 2026 and are not a trade or a result.
With a fixed £10 per pip per lot the maths is short. Risking £100 with a 20 pip stop: 20 × £10 = £200 per lot, and £100 ÷ £200 = 0.50 lots. Because the pair often moves in a narrower range than GBP/USD, stops in pips tend to be tighter, so the lot size for the same pound risk can be larger. That makes it easy to overlook the margin each lot uses, so check both numbers before you trade.
Events that move EUR/GBP
As a cross with no US dollar, EUR/GBP reacts mainly to the gap between the two economies. The ECB rate decision, the Bank of England rate decision and UK CPI are the key dates. US releases tend to move EUR/USD and GBP/USD together, so they often matter less here. The EUR/GBP guide and the EUR/GBP weekly forecast cover the pair in more detail, the swap calculator shows the overnight cost of holding it, and the trade history and verify page show how Forexuro records every closed trade.
EUR/GBP on Forexuro's results record
See every closed EUR/GBP signal in the trade history.
See live ideas and the closed record on the forex signals page. Results are scored with the rules on the methodology page. Past results do not guarantee future results.
Related tools
Frequently asked questions
What is the pip value of EUR/GBP?
One pip on EUR/GBP is 0.0001, worth 10 GBP per standard lot, 1 GBP per mini lot and 0.10 GBP per micro lot. For a USD account it depends on the rate; at the reference rates dated 22 October 2026 a standard lot pip was about $13.39.
How many pips is a 1 cent move in EUR/GBP?
100 pips. A pip is 0.0001, so a move of 0.0100 is 100 pips.
What is a pipette on EUR/GBP?
A pipette is a tenth of a pip, 0.00001 on EUR/GBP. Most platforms show it as the fifth decimal place.
When is EUR/GBP most active?
Usually during the London session. Movement also tends to pick up around news on euro-area and UK inflation and growth data.
Why is EUR/GBP simple for a UK trading account?
The pair is quoted in pounds, so on a GBP account a pip is always £10 per standard lot, £1 per mini lot and £0.10 per micro lot. There is no currency conversion on profit or loss, so the pip value does not change with the exchange rate.
What leverage applies to EUR/GBP for UK retail clients?
EUR/GBP is a major pair under the FCA's retail rules, so leverage is capped at 30:1, a margin of 3.33% of the position's value. At the reference rate of 0.8373 one standard lot is worth £83,730, which needs about £2,791 of margin. Brokers can ask for more.
Calculators are for education and planning. They do not account for your broker's spread, commission, swap or contract terms. Trading forex and CFDs carries a high risk of losing money. Read our risk disclosure.