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Introduction The EUR/GBP Pair

Professor FX | February 25 | Fundamental | No Comments

The EUR/GBP currency cross (Euro/British Pound) is the relation of the Euro against the British Pound. The EUR/GBP cross currency gives one the possibility to convert euros directly into Pounds. (1 EUR per x GBP)

Forex Knowledge: Trading the Euro/British Pound

Typical broker spread: 2.2-5 pips
Currency pair type: cross
EUR/JPY Nickname(s): Chunnel
Most active trading sessions: Euro session and US session
Most active trading hours: 6:00 GMT – 17:30 GMT
Average daily range (high-low): 95 pips
Trading strategies to trade EUR/GBP: Click here
Recommended level of trading experience: Advanced
Value of one pip EUR/GBP: Variable

Economic Events That Move The Euro/Japanese Yen

A. EURO-ZONE

Trade Balance (Euro Zone)
Gross Domestic Product (Euro Zone)
Consumer Price Index (CPI) (Euro Zone)
ZEW Survey (Euro Zone)
ECB Rate Announcement and Press Conference
Current Account (Germany)
Trade Balance (Germany)

B. United Kingdom

Current Account
Trade Balance
Non-EU Trade Balance
Visible Trade Balance
Gross Domestic Product (GDP)
NIESR GDP Estimate
Consumer Price Index (CPI)
BOE Rate Decision
Bank of England Meeting Minutes