The EURGBP is a cross-pair currency consisting of the euro (EUR) and the British pound sterling (GBP) exchange rate. EUR is the currency used in the Eurozone (19 out of 27 member states of the European Union), and the GBP is the official currency of the United Kingdom. Together, they form a low volatility and highly liquid pair to trade.

What is EURGBP?

The EURGBP is a cross between the currencies of the Eurozone and the United Kingdom. Both countries have strong economies, and their currency cross shows the number of GBPs required to purchase one EURO. For example, if the news says that EURGBP is at 0.85, the traders need 0.85 GBP to buy one EURO. Additionally, the pair is the most widely traded on the forex market and has high volume, which is vital information for those eager to find out how to trade EURGBP.

The EURGBP is a minor pair traded five days a week on the forex market. It's a focus of interest for European and British traders because of high liquidity. But various factors influence its prices, including consumer confidence, market sentiment, sales data, economic growth, and many more.

How does EURGBP work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURGBP without risking their real assets.

Traders can use different styles to trade EURGBP. These include expert advisors, scalping, swing trading, trend trading, range trading, news trading, breakout trading, and carry trading. They adopt a strategy that best suits their personality, trading style, and risk tolerance.

EURGBP price history

Before investing in the currency pair, knowing about its historical performance is equally important. Here’s a summary of the currency pair's performance last years.

2018

On 1st January 2018, the EURGBP exchange rate was at 0.8889 GBP; on 31st December 2018, it was at 0.902 GBP. On 28th August 2018, the exchange rate hit the highest value of 0.9087 GBP, and the value was the lowest, i.e., 0.8636 GBP was recorded on 16th April 2018. The average exchange rate value for 2018 was 0.885 GBP.

2019

This year started with the EURGBP at 0.8989 GBP and ended at 0.8464 GBP. The best rate of the year was 0.937 on 10th August, and the worst exchange rate was 0.8302 GBP on 12th December 2019. The year's average exchange rate was 0.8773 GBP.

2020

At the beginning of the year, the EURGBP was at 0.8466 GBP; by its end, it was at 0.8935 GBP. The best and the worst exchange rates were 0.9427 GBP on 18th March 2020 and 0.8301 GBP on 14th February 2020, respectively. The year's average exchange rate value was 0.8897 GBP.

2021

The year began with the exchange rate at 0.8875 GBP; by the end, it was at 0.8403 GBP. The best exchange rate of 0.9057 was recorded on 6th January, and it performed worst on 30th December when the rate was at 0.8389 GBP. The average exchange rate of the year was 0.8599 GBP.

2022

On 1st January 2022, the EURGBP was at 0.8405 GBP, and the year ended at 0.8866 GBP. The best-recorded exchange rate value was 0.898 GBP on 26th September 2022, and the worst value was 0.823 GBP on 6th March 2022. The average exchange rate value of the year was 0.8528 GBP.

Current EURGBP price

The current EURGBP price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is EURGBP a good investment?

Whether EURGBP is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn how to invest in forex worldwide.

Trade EUR/GBP the Simplest way.

Trade EURGBP

Don't have an account yet?

Open it!

Learn more about EURGBP