About EUR/GBP
EUR/GBP, often called the Chunnel, is a low-volatility cross that reflects the relative economic strength of the Eurozone versus the United Kingdom. Because both currencies share deep economic ties, the pair trades in relatively narrow ranges - typically 25-50 pips per day. The main catalyst is the interest rate differential between the ECB and the Bank of England; when one central bank is expected to tighten while the other holds steady, EUR/GBP trends in the direction of the higher-yielding currency. UK political events, including Brexit-related developments, fiscal budgets, and general elections, have historically caused the sharpest moves. The pair is almost exclusively traded during the London session, as that's when both European and British markets are open. Spreads are moderate at 0.5-1.0 pips, and technical traders often find reliable support and resistance levels at round 0.0100 increments (e.g. 0.8500, 0.8600).
Historical Rates - Last 7 Days
| Date | Close | Change |
|---|
| 2026-08-22 | 0.8585 | +0.19% |
| 2026-08-23 | 0.8559 | -0.30% |
| 2026-08-24 | 0.8556 | -0.03% |
| 2026-08-25 | 0.8555 | -0.02% |
| 2026-08-26 | 0.8572 | +0.20% |
| 2026-08-27 | 0.8571 | -0.00% |
| 2026-08-28 | 0.8570 | -0.02% |
See full price history on the historical rate lookup tool.
Frequently Asked Questions
What is the pip value for EUR/GBP?
One standard lot (100,000 units) on EUR/GBP has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is EUR/GBP most active?
EUR/GBP sees its highest trading volume during the London session. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect EUR/GBP most?
The most impactful events for EUR/GBP come from the EUR and GBP economies. ECB interest rate decisions and President Lagarde's press conferences are the euro's biggest volatility events. Eurozone flash PMIs and German Ifo business climate data also drive significant intraday moves. Bank of England MPC votes, UK CPI, and monthly GDP estimates are the pound's primary catalysts. UK political events and fiscal policy announcements can also produce sharp moves. The upcoming events section above lists the specific releases scheduled in the next two weeks.