Convert Euro To Pound Sterling (EUR TO GBP)

£

Convert EUR to GBP

EURGBP
0.010.00002
0.050.00008
0.10.000016
0.50.000016
10.000016
50.000016
100.000016
250.000016
500.000016
1000.000016
5000.000016
1 0000.000016
5 0000.000016

1 EUR to GBP stats

Last 30 DaysLast 90 Days
High0.0000232530.000026700
Low0.0000151570.000015157
Average0.0000190210.000021016

Price In Real Time

BTC $
$ 24h

Euro to Pound Sterling Chart

EUR to GBP Forecast for 30 Days

DateRateMin RateMax Rate
2022-06-250.86 GBP0.83 GBP0.88 GBP
2022-06-260.86 GBP0.83 GBP0.88 GBP
2022-06-270.86 GBP0.83 GBP0.89 GBP
2022-06-280.86 GBP0.84 GBP0.89 GBP
2022-06-290.86 GBP0.83 GBP0.89 GBP
2022-06-300.86 GBP0.83 GBP0.89 GBP
2022-07-010.86 GBP0.84 GBP0.89 GBP
2022-07-020.86 GBP0.84 GBP0.89 GBP
2022-07-030.86 GBP0.83 GBP0.89 GBP
2022-07-040.86 GBP0.84 GBP0.89 GBP
2022-07-050.86 GBP0.84 GBP0.89 GBP
2022-07-060.86 GBP0.84 GBP0.89 GBP
2022-07-070.86 GBP0.84 GBP0.89 GBP
2022-07-080.86 GBP0.84 GBP0.89 GBP
2022-07-090.86 GBP0.84 GBP0.89 GBP
2022-07-100.86 GBP0.84 GBP0.89 GBP
2022-07-110.86 GBP0.84 GBP0.89 GBP
2022-07-120.86 GBP0.84 GBP0.89 GBP
2022-07-130.86 GBP0.84 GBP0.89 GBP
2022-07-140.86 GBP0.84 GBP0.89 GBP
2022-07-150.86 GBP0.84 GBP0.89 GBP
2022-07-160.86 GBP0.84 GBP0.89 GBP
2022-07-170.86 GBP0.84 GBP0.89 GBP
2022-07-180.86 GBP0.84 GBP0.89 GBP
2022-07-190.86 GBP0.84 GBP0.89 GBP
2022-07-200.86 GBP0.84 GBP0.89 GBP
2022-07-210.86 GBP0.83 GBP0.89 GBP
2022-07-220.86 GBP0.84 GBP0.89 GBP
2022-07-230.86 GBP0.83 GBP0.89 GBP
2022-07-240.86 GBP0.84 GBP0.89 GBP

EUR to GBP Forecast for 2022

EUR to GBP Forecast For 2023, 2024, 2025, 2026 Years

Detailed Trend Components of the GBP/USD Forex Forecast & Prognosis

Our predictions are generated by machine learning and should not be used to make financial decisions. We cannot guarantee any results.


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USDEURGBPINRETHUSDTBTC
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH61,142.39 USDT1
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH61,142.39 USDT5
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT10
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT25
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT50
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT100
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT500
61,142.39 USD52,497.1 EUR44,434.86 GBP4,585,633.43 INR6,712,269.32 ETH377,453.95 USDT1 000

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CONVERT BRITISH POUND TO EURO TODAY (FORECAST 2022 & 2023: EUR TO GBP)

Ah, the good ol’ EUR and GBP.

Both currencies get millions and millions of volume every day in the forex market.

So, let me put on my nerd glasses and tell you all about GBP to EUR.

So, let’s start with this!

WHAT IS THE EUR TO GBP EXCHANGE RATE?

First, I’m going to start with the exchange rate.

As EUR and GBP are neighbors, it’s good to know about their moves.

And I’m talking about their historical data also.

There’s a lot to discuss, so let’s just jump right in.

First, let’s talk about what EUR to GBP signifies?

Well, it’s a no-brainer!

EUR/GBP illustrates the exchange rate between the two currencies.

EURGBP

EURGBP

It means how many pounds you need to buy one euro.

For instance, if the EUR/GBP exchange rate is 0.80.

It suggests you need 0.80 pounds to buy 1 euro.

But many of you may think, “What’s the pound against the euro?”

Glad you asked!

It’s how many euros you need to buy one pound.

I’ll talk about this in detail in the next section.

It was in 1999 when the EUR became the official currency.

So, the exchange rate started in 1999 between EUR/GBP.

The EUR/GBP is a popular currency pair among forex traders.

However, you have to be a patient trader to trade EUR/GBP.

Be sure to watch the market trends before entering a trade.

EUR/GBP HISTORICAL EXCHANGE RATE.

I’ll have to explain it on a chart to tell you about the historical data.

Below you can see that the level started at 0.7.

EUR to GBP history

EUR to GBP history

But then in 2000, EUR took a massive dip against the pound sterling.

It reached an all-time low of 0.6.

The question probably popping in your head is, “why did it happen?”

The reason for the drop was a lack of interest from investors.

You see, when it first appeared, it attracted several eyeballs.

However, in 2000, investors pulled the plug and started looking toward the USD.

So, that’s the EUR fall in 2000 against GBP.

It was coming back to our chart.

After the 2000 fall, the EUR tied its shoelaces and grew against GBP.

It climbed so much that it crossed the 0.9 level in 2009.

I think it’s justifiable because, at that time, we were having an economic recession.

So, this made the EUR stronger against the GBP.

I’m sure you know about the 2008 economic recession. Do you?

So, afterwards, the EUR to GBP rate dipped again.

Well, what do you expect?

GBP had to rise, and it did.

The EUR/GBP level continued to deteriorate till 2015.

Back then, the price of one GBP became 0.62 versus EUR.

The EUR flexed its muscle again and jumped in value against the pound.

From 2016 to 2019, the fiber (nickname of EURO) rose in value.

The UK was going through a significant political crisis back then.

Can you tell what it was?

Shout out to those who say Brexit!

With Brexit, the UK economy struggled (and is still working).

So this led to the fall of GBP against EUR.

However, GBP bulls are making a comeback against EUR.

At the time of writing, the exchange rate for EUR/GBP is 0.83.

It’s funny how the market creates peaks and troughs.

WHAT IS GBP TO EUR EXCHANGE RATE?

In the previous section, I mentioned EUR to GBP exchange rate.

Now it’s time for a swap.

I said everything already, so understanding it won’t be a hassle.

I’m going to describe the history in a nutshell.

The GBP/EUR exchange rate was at 1.40 in 1999.

As I mentioned earlier, in 2000, the euro lost investors’ confidence and dropped.

So, the pound sterling shot up and reached 1.72 against the weak euro.

From 2003 to 2007, the euro did recover some of its losses.

In 2008, as global crises struck, GBP dropped versus the euro.

The exchange rate reached an all-time low of 1.02 between GBP/EUR.

After that, the pound made a comeback and rose against the EUR.

From 2013 to 2015, the EUR had a debt crisis, so it lost its ground vs GBP.

However, after the 2016 Brexit, the sterling lost its ground versus EUR.

And now GBP is trying to make a return amid the pandemic.

HOW TO TRADE EUR/GBP?

Ok, now you know all about the EUR and GBP exchange rates.

But as a trader, I’m more attentive to how I can trade EUR/GBP?

I’m sure there are a lot of traders among you also.

So, let’s see how you can change the pair.

Before I begin, a fun fact.

EUR/GBP is nicknamed Chunnel.

And many of you are wondering, what the heck is Chunnel?

It got its name because of an English channel connecting the UK to France.

To trade the Chunnel, you have to understand some basics.

To trade EUR/GBP, you think one currency will rise or dip against the other.

The currency on the left (EUR) is the base currency.

Conversely, we have the quote currency on the right (GBP).

In addition, you have to bid and ask for prices.

The bid price is how much GBP you need to buy EUR.

The ask price suggests how much pounds you require to sell euros.

Ok, let’s explain with an example.

EURGBP trading chart

EURGBP trading chart

Suppose EUR/GBP is trading at 0.8320.

Later the value of the pair increases to 0.8350.

You profit from the pair’s rise and make some cool bucks.

Of course, it isn’t as simple as that, but you got the point.

WHAT SHOULD YOU CONSIDER FOR TRADING EUR/GBP?

If you are looking to trade the pair, you got to keep some things in mind.

These factors play an important role in determining the direction of the pair.

So, let’s discuss these factors:

KEEP YOUR EYES ON THE NEWS 

News indeed makes the forex market go wild.

And it’s true for EUR/GBP also.

When trading the Chunnel, you have to watch political and economic news.

A lot is happening on the information these days: Brexit, European debt, pandemic, inflation, and monetary policy impact EUR/GBP.

If you think this is your forex pair, you’ve got to keep up with the news.

Pro Tip: Make a morning routine of checking the information before the trade. You can get an overview of the whole day.

A STITCH IN TIME SAVES NINE

Forex market is all about when you enter the trade.

If you enter at the wrong time, then you’ll lose.

It is also true for EUR/GBP.

You have to trade on specific hours.

“But what are those specific hours?”

Let me explain this with the help of a forex session chart:

Below, you can see a forex trading sessions chart:

Forex trading sessions in GMT

Forex trading sessions in GMT

We have three main trading sessions; Asian, London, and New York.

Can you guess what the right session is for EUR/GBP?

It’s between the European and the London session.

The European session starts before London.

So, the best time to trade the pair is between 7 am to 4 pm GMT.

These hours see the most trading volume.

And you can take advantage of the European and London overlap.

KEEP PEEKING ON VOLATILITY TOO 

If you ask any pro, they’ll tell you forex is a volatile market.

The pairs can go wild after volatility hits.

But is this the case with EUR/GBP also?

Nope!

You see, EUR and GBP represent currencies of strong economies.

Their exchange rate doesn’t fluctuate much.

Hence, they don’t have a volatile nature, unlike other pairs.

I’m going to have to take out the chart once again.

Below you can see three volatility charts.

EUR GBP volatility charts

EUR GBP volatility charts.

The first chart mentions pips volatility according to hours.

As you can see, between 12 and 20-hour, we see massive fluctuations.

We know a lot of pip movement during these hours.

The second chart illustrates weekly fluctuations.

Here, we see many pips move on Tuesdays and Thursdays.

Finally, we have the third chart, which presents us with volatility from 2020 till now.

There was a lot of volatility in April of 2020 because of pandemic uncertainty.

WHAT IS GBP’S CORRELATION TO EUR?

When forex trading, you often hear the phrase “correlation.”

According to stats, correlation plays an integral part in defining a pair’s course.

So, what is correlation?

And what’s the EUR/GBP correlation?

The entire forex industry works on certain principles of financial markets.

Correlation tells us how two pairs relate to each other.

We have a positive and a negative correlation.

When two pairs have a positive correlation, they’ll go up.

On the flip side, if two pairs have a negative correlation, then they’ll go down.

Currency correlations explain how two pairs will do at the same time.

Many pro traders use it as a go-to tool for outlining the trend.

“So what’s the correlation of EUR/GBP”?

Again, I’m going to take out the chart (whoops, a table)

EURGBP Correlation Matrix

EURGBP Correlation Matrix

Here, we have a correlation matrix table.

The table tells us the correlation of EUR/GBP with other pairs.

The green color mentions positive,

The blue color draws a somewhat positive correlation,

The red color mentions negative correlation,

And finally, orange represents something negative.

If a number is positive and green, it’s a strong positive correlation.

Conversely, if a number is negative and red, it’s a strong negative correlation.

The table shows that EUR/GBP has a robust negative correlation with GBP/CHF.

So, can you guess what it means?

It means when the GBP/CHF rises, EUR/GBP falls.

On the other hand, EUR/GBP has a somewhat positive correlation with EUR/CHF, EUR/AUD, and EUR/CAD.

SO, WHICH YIELD CURVE TO USE WITH EUR/GBP?

One thing you must know is the yield curve when trading the Chunnel.

For some of your yield is a new term.

So, let me tell you what yield means and what yield to look for with the euro and pound.

I’m going to keep things simple!

WHAT ARE YIELDS ANYWAY?

First, let’s talk about yields.

Yields are just simple yet important lines that draw interest rates of the bonds.

The yield comes in three different slopes.

They are high, low, and flat.

These slopes tell us about the changes in economic activity or future interest levels.

The curves depend on the maturity period and can range from 15 years.

When the curve goes up, short interest rates will eventually grow.

When the curve goes down, it suggests longer interest rates coming down.

Finally, the interest rates remain at medium levels when the curve stays flat.

It’s a no-brainer that interest rates play an essential part in forex.

So, keeping yield curves in mind can make better trading decisions for us.

To answer the question of which yields to use, I’m going to divide EUR and GBP yields.

EUR yields 

You can see the chart’s EUR yield curve for the past 15 years.

Here we see an upward slope.

The interest rates started high but are now lower.

EUR yield curve

EUR yield curve

GBP yields 

For GBP, we have a downward slope.

It illustrates the interest rates started low but are now high.

GBP yield curve

GBP yield curve

What’s the best yield curve?

The best yield is the upward slope.

So, EUR has the upper hand here.

So, whatever the ECB decides about the interest rates, it significantly impacts EUR/GBP.

HOW TO MAKE A CURRENCY CONVERTER IN VISUAL BASIC USD, GBP, EUR, AND JPY? 

We all need a converter from time to time.

Whether I’m traveling or buying some stuff, I do my conversions.

But is it possible to make a converter yourself?

Yes, it is; let me show you how you can do that in visual basics.

First, you have to open a visual basic application.

Then you need to select these things:

Currency converter in visual basics

Currency converter in visual basics.

After that, you have to change labels.

In the calculate button, you have to add the programming logic.

Then you’ve got a play around with the variables.

For instance, how much EUR we have against GBP.

If the converter calculates successfully, then that’s all.

Note that it isn’t as simple as it sounds.

Here’s a complete flow chart of the process:

Flowchart of creating a currency converter in Visual basics

Flowchart of creating a currency converter in Visual basics

FAQs

Will the euro rate go up?

The rate of EUR depends on many factors, and one of the important factors is ECB’s monetary policy. The euro will go up if the bank tilts towards the hawkish stance.

Is the pound going to rise against the euro?

The BoE plans on expanding the UK’s economic outlook in 2022. So, it’s likely that we see a bearish pound in the first few months, but later a bullish one.

How to do EUR to GBP conversion?

You can convert EUR to GBP through any currency converter. In addition, you can check SafteTrade’s currency converter, which has all the advanced options you need for an exchange.

Final thoughts 

So now you know what EUR and GBP hold.

The pair depends on several factors for its rate.

You gotta look at the broader market conditions if you want to trade it.

If you are looking for a converter, you can do so through SafeTrade.

Disclaimer

SafeTrade Binary Options is a content and service provider. The content you see on our website, whether we state opinions, is for educational purposes only. You shouldn’t take this as investment guidance. No content in the guide is a recommendation by the author or SafeTrade Binary Options, and it isn’t suitable for any investment.