EUR/GBP FORECAST AND NEWS


Latest EUR/GBP News


EUR/GBP Technical Overview


Fundamental Overview


Latest EUR/GBP Analysis


Latest EUR/GBP Analysis

Editors' picks

EUR/USD turns positive, approaches 1.1700

EUR/USD turns positive, approaches 1.1700

EUR/USD now manages to regain balance and approaches the 1.1700 barrier as the US Dollar appears under sudden downside pressure. The pair, in the meantime, reverses initial losses as investors continue to assess the latest US PCE data and factor in expectations of a rate cut by the Federal Reserve at its September 17 meeting.

GBP/USD bounces off two-day lows, focus back to 1.3500

GBP/USD bounces off two-day lows, focus back to 1.3500

GBP/USD comes under renewed downside pressure at the end of the week, navigating the 1.3470 region against the backdrop of a modest resurgence of the buying interest in the Greenback. US inflation tracked by the PCE matched consensus in July, opening the door to a rate reduction by the Fed next month.

Gold approaches four-month highs near $3,450

Gold approaches four-month highs near $3,450

Gold keeps its march north well and sound, up for the fourth day in a row on Friday, and challenging multi-month peaks near the $3,450 mark per troy ounce on the back of steady bets for a rate cut by the Federal Reserve in September. The likelihood of further easing by the Fed appears propped up by the eaerlier release of US inflation data, this time measured by the PCE.

Bitcoin sell-off sends jitters across the market, Ethereum, XRP wobble

Bitcoin sell-off sends jitters across the market, Ethereum, XRP wobble

Cryptocurrencies remain under pressure on Friday, reflecting risk-off sentiment ahead of September. Attempts to sustain Bitcoin (BTC) price recovery have consistently failed, with Bitcoin trading below $110,000 at the time of writing.

All eyes on NFP report as Fed rate cut bets intensify

All eyes on NFP report as Fed rate cut bets intensify

Will August jobs report shock again? It’s almost one month ago that the July payrolls numbers generated not just considerable volatility in the markets but also a lot of controversy, as it offended President Trump’s record on the economy.

Majors

Cryptocurrencies

Signatures


INFLUENTIAL INSTITUTIONS AND PEOPLE FOR THE EUR/GBP

The European Central Bank (ECB)

The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone. With its beginnings in Germany in 1998, the ECB’s mandate is to maintain price stability in the Eurozone, so that the Euro’s (EUR) purchasing power is not eroded by inflation. As an entity independent of individual European Union countries and institutions, the ECB targets a year-on-year increase in consumer prices of 2% over the medium term. Another of its tasks is controlling the money supply. This involves, for instance, setting interest rates throughout the Eurozone. The European Central Bank’s work is organized via the following decision-making bodies: the Executive Board, the Governing Council and the General Council. Christine Lagarde has been the President of the ECB since November 1, 2019. Her speeches, statements and comments are an important source of volatility, especially for the Euro and the currencies traded against the European currency.

The Bank of England (BoE)

The Bank of England (BoE) is the central bank of the United Kingdom (UK). Known as ‘The old lady of Threadneedle Street’, is responsible for maintaining the UK’s economic stability. It operates monetary policy by adjusting the Bank Rate and, in certain circumstances, supplements this with measures such as quantitative easing. Andrew Bailey has been the Governor of the BoE since March 2020 and his appointment ends on March 2028.


Christine Lagarde

Christine Lagarde became President of the European Central Bank (ECB) on November 1, 2019. Prior to that, she served as Chairman and Managing Director of the International Monetary Fund (IMF) between 2011 and 2019. Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of the Economy, Finance and Industry (2007-2011), Minister of Agriculture and Fishing (2007) and Minister of Commerce (2005-2007).

Andrew Bailey

Andrew Bailey has been the Governor of the BoE since March 2020 and his appointment ends on March 2028. Previously, he served in the BoJ as its Chief Cashier, Deputy Governor for Prudential Regulation and Chief Executive of the Financial Conduct Authority.

ECB NEWS & ANALYSIS

BOE NEWS & ANALYSIS


About EUR/GBP

The EUR/GBP pair reflects how many British Pounds (GBP) are needed to purchase one Euro (EUR). As both currencies are considered high-yielding assets, the pair usually has limited daily volatility. Significant movements are usually triggered by major events such as central bank monetary policy announcements or political disruption.

Related pairs

EUR/USD

The EUR/USD (or Euro Dollar) currency pair belongs to the group of 'Majors', a term used to describe the most important currency pairs in the world. This group also includes GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD. The popularity of the Euro Dollar pair stems from its representation of two of the world’s largest economies: the Eurozone and the United States.

The EUR/USD is one of the most widely traded currency pairs in the Forex market, where the Euro serves as the base currency and the US Dollar as the counter currency. It accounts for more than half of the total trading volume in the Forex market, making gaps almost inexistent, let alone sudden reversals caused by breakaway gaps .

The EUR/USD is usually quiet during the Asian session, as economic data influencing the pair is usually released during the European or US sessions. Activity increases as European traders begin their day, leading to heightened trading volume . This activity slows around midday during the European lunch break but picks up again when US markets come online.

GBP/USD

The GBP/USD (or Pound Dollar) currency pair belongs to the group of 'Majors', referring to the most important and widely traded pairs in the world. The pair is also known as 'the Cable', a term originating in the mid-19th century that refers to the first transatlantic telegraph connecting Great Britain and the United States. As a closely watched and widely traded currency pair, it features the British Pound as the base currency and the US Dollar as the counter currency. For that reason, macroeconomic data from both the United States and the United Kingdom significantly impacts its price. One notable event that affected the volatility of the pair was Brexit.