EUR to GBP Exchange Rate
LIVEEuro to British Pound
Currency Converter
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Exchange rate: 1 EUR = 0.84 GBP (approximate)
About EUR/GBP
The EUR/GBP currency pair represents the exchange rate between the Euro and the British Pound Sterling. This is one of the most actively traded cross currency pairs (pairs that don't include USD). The rate is heavily influenced by European Central Bank and Bank of England monetary policies, Brexit developments, Eurozone and UK economic data, interest rate differentials, and political events in both regions. This pair is particularly important for businesses and travelers moving between the UK and continental Europe, and is closely watched as an indicator of relative European economic strength.
Quick Facts
Currency Pair:
EUR/GBP
Base Currency:
Euro (EUR)
Quote Currency:
British Pound (GBP)
Central Banks:
ECB & Bank of England
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does EUR/GBP mean?
EUR/GBP is the price of one Euro expressed in British Pounds. The Euro (the shared currency of the Eurozone, set by the European Central Bank) is the base currency and the British Pound (managed by the Bank of England) is the quote currency, so the rate tells you how many Pounds one Euro buys.
What moves the EUR/GBP exchange rate?
The pair reflects the relative strength of two neighbouring European economies. Interest-rate and inflation differences between the ECB and the Bank of England are the main drivers, alongside UK-EU trade and political developments, including the lasting effects of Brexit on cross-Channel commerce.
When is the best time to trade EUR/GBP?
Liquidity and price movement usually peak during the European and London trading sessions, when both the Eurozone and UK markets are open and most relevant economic data is released. The rate floats freely and changes throughout the trading week.