EUR/GBP

The EUR/GBP is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the British pound of the United Kingdom (symbol £, code GBP). The pair’s rate indicates how many British pounds are needed in order to purchase one euro. For example, when the EUR/GBP is trading at 0.7500, it means 1 euro is equivalent to 0.75 British pounds. The euro is the world’s second most traded currency, whilst the British Pound (GBP) is the world’s third most traded currency, resulting in a comparatively liquid trading pair. While the spreads of currency pairs vary from broker to broker, the EUR/GBP often stays within the 1 pip to 3 pip spread range.This may make it seem like a decent candidate for scalping, although its low range can be a hindering factor, similar to the EUR/CHF. What Makes the EUR/GBP Unique?As mentioned, EUR/GBP is seen as a viable pair for scalping, due to its relatively predictable price action, and low stable spread. Intraday trading the EUR/GBP however does generally require more patience compared to other pairs.From a technical standpoint, it follows that as EUR/USD and GBP/USD are positively correlated, EUR/GBP’s volatility is going to be less than the two aforementioned majors’. Perhaps more so than any other, this currency pair has been continually affected by ongoing Brexit discussions in the UK. Presently, there is no consensus on how the situation will be resolved, something that has influenced the EUR/GBP and will do so until a resolution is agreed upon.
The EUR/GBP is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the British pound of the United Kingdom (symbol £, code GBP). The pair’s rate indicates how many British pounds are needed in order to purchase one euro. For example, when the EUR/GBP is trading at 0.7500, it means 1 euro is equivalent to 0.75 British pounds. The euro is the world’s second most traded currency, whilst the British Pound (GBP) is the world’s third most traded currency, resulting in a comparatively liquid trading pair. While the spreads of currency pairs vary from broker to broker, the EUR/GBP often stays within the 1 pip to 3 pip spread range.This may make it seem like a decent candidate for scalping, although its low range can be a hindering factor, similar to the EUR/CHF. What Makes the EUR/GBP Unique?As mentioned, EUR/GBP is seen as a viable pair for scalping, due to its relatively predictable price action, and low stable spread. Intraday trading the EUR/GBP however does generally require more patience compared to other pairs.From a technical standpoint, it follows that as EUR/USD and GBP/USD are positively correlated, EUR/GBP’s volatility is going to be less than the two aforementioned majors’. Perhaps more so than any other, this currency pair has been continually affected by ongoing Brexit discussions in the UK. Presently, there is no consensus on how the situation will be resolved, something that has influenced the EUR/GBP and will do so until a resolution is agreed upon.

The EUR/GBP is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the British pound of the United Kingdom (symbol £, code GBP).

The pair’s rate indicates how many British pounds are needed in order to purchase one euro. For example, when the EUR/GBP is trading at 0.7500, it means 1 euro is equivalent to 0.75 British pounds.

The euro is the world’s second most traded currency, whilst the British Pound (GBP) is the world’s third most traded currency, resulting in a comparatively liquid trading pair.

While the spreads of currency pairs vary from broker to broker, the EUR/GBP often stays within the 1 pip to 3 pip spread range.

This may make it seem like a decent candidate for scalping, although its low range can be a hindering factor, similar to the EUR/CHF.

What Makes the EUR/GBP Unique?

As mentioned, EUR/GBP is seen as a viable pair for scalping, due to its relatively predictable price action, and low stable spread.

Intraday trading the EUR/GBP however does generally require more patience compared to other pairs.

From a technical standpoint, it follows that as EUR/USD and GBP/USD are positively correlated, EUR/GBP’s volatility is going to be less than the two aforementioned majors’.

Perhaps more so than any other, this currency pair has been continually affected by ongoing Brexit discussions in the UK.

Presently, there is no consensus on how the situation will be resolved, something that has influenced the EUR/GBP and will do so until a resolution is agreed upon.

Technical Analysis

EURGBP settles between 100/200 hour MAs

EURGBP

EURGBP settles between 100/200 hour MAs

  • The EURGBP tries to base and correct higher
Greg Michalowski
Greg Michalowski
Tuesday, 19/04/2022 | 19:45 GMT-0
19/04/2022 | 19:45 GMT-0
Technical Analysis

The EURGBP 100 hour MA catches up to the price

EURGBP

The EURGBP 100 hour MA catches up to the price

  • The 100 hour MA stalled the rally on Wednesday of last week
Greg Michalowski
Greg Michalowski
Monday, 18/04/2022 | 18:45 GMT-0
18/04/2022 | 18:45 GMT-0
Technical Analysis

EURGBP continues retracement of the move up last week

EURGBP

EURGBP continues retracement of the move up last week

  • Price moves below 100 day and 200 hour MA today
Greg Michalowski
Greg Michalowski
Monday, 04/04/2022 | 19:16 GMT-0
04/04/2022 | 19:16 GMT-0
Technical Analysis

EURUSD backs off from highs as Lagarde as growth forecast lower, inflation forecast higher

EURUSD

EURUSD backs off from highs as Lagarde as growth forecast lower, inflation forecast higher

  • 200 hour MA below at 1.10306. Swing lows from January and February as resistance up to 1.11207
Greg Michalowski
Greg Michalowski
Thursday, 10/03/2022 | 14:08 GMT-0
10/03/2022 | 14:08 GMT-0
News

Morgan Stanley have added long EUR/GBP to their 'top trades' ideas

Morgan Stanley have added long EUR/GBP to their 'top trades' ideas

  • Added to their list at the beginning of the week
Eamonn Sheridan
Eamonn Sheridan
Tuesday, 22/02/2022 | 22:48 GMT-0
22/02/2022 | 22:48 GMT-0