Trade EUR/GBP, Europe's main cross
EUR/GBP prices how many British pounds one euro buys. It links the euro area with its largest neighbouring economy, so it is a pure read on how Europe and the UK are doing relative to each other, without the US dollar in the picture.
- 24/5 trading
- Buy or sell
- Regulated by FSC Mauritius
EUR/GBP
Spreads from, pips · Premium
1.0
About EUR/GBP
Euro vs British pound
Because the two economies trade heavily with each other and their business cycles often move together, EUR/GBP tends to move in narrower daily ranges than GBP/USD or EUR/USD. That makes it popular with range traders and with those who want exposure to European news without dollar swings.
The pair can still move sharply when the ECB and the Bank of England diverge, or on UK political shocks: the 2016 Brexit referendum sent sterling sharply lower against the euro. UK inflation and wage data, and euro-area flash inflation, are the releases to watch.
- MT5 symbol
- EURGBP
- Known as
- Chunnel
- Pip size
- 0.0001
- Trading hours
- 24/5
- Central banks
- ECB and Bank of England
- Pip value (1 lot)
- £10 per standard lot (about $13.00 at GBP/USD 1.3000)
- Character
- Narrow ranges between two close neighbours
What moves it
4 forces that drive EUR/GBP
ECB vs BoE
The expected rate gap between Frankfurt and London is the main trend driver; each holds eight decisions a year.
UK inflation and wages
Hotter UK data tends to lift sterling and push EUR/GBP lower.
Euro-area data
Flash HICP inflation, PMI surveys and German indicators shape ECB expectations.
UK politics and fiscal news
Budgets, elections and EU–UK relations can move the pound quickly.
When to trade
Best hours and key releases for EUR/GBP
Most active: The London session, roughly 07:00–16:00 GMT (11:00–20:00 UAE time), when both European markets are open.
| Session | GMT | UAE time |
|---|---|---|
| Sydney | 21:00–06:00 | 01:00–10:00 |
| Tokyo | 00:00–09:00 | 04:00–13:00 |
| LondonActive | 07:00–16:00 | 11:00–20:00 |
| New York | 12:00–21:00 | 16:00–01:00 |
Releases that move EUR/GBP
- ECB rate decisionEight times a year.
- BoE rate decisionEight times a year.
- UK CPI and labour marketMonthly.
- Euro-area flash HICPMonthly, early in the month.
- Euro-area and UK PMIsMonthly.
Spreads can widen and prices can gap around these releases. Check an economic calendar for exact dates and times.
Pricing
EUR/GBP spreads by account
Choose the account that fits your trading. The live EUR/GBP spread is always shown in MT5 before you place an order.
Classic
Spread-only, no commission
Spreads from
1.6 pips
- Commission
- None
- Min. deposit
- $100
Premium
Lower spreads, no commission
Spreads from
1.0 pips
- Commission
- None
- Min. deposit
- $3,000
VIP
Raw spreads plus commission
Spreads from
0.0 pips
- Commission
- $6 per 1.00 lot round turn, proportional to lot size
- Min. deposit
- $25,000
* Indicative typical spreads, may vary; last updated 28 September 2026. Spreads are variable and may widen during news releases and low-liquidity sessions. Commissions may apply depending on account type.
Leverage magnifies both gains and losses. Maximum leverage depends on the instrument, account type and your jurisdiction.
Get started
How to trade EUR/GBP on MT5
- 1
Open an account
Register online, verify your identity and choose Classic, Premium or VIP. - 2
Fund your account
Deposit with one of the available methods in the client portal. - 3
Find EURGBP in MT5
Log in to MetaTrader 5, open Market Watch and add EURGBP to see the live price and spread. - 4
Plan and place the trade
Set your position size and stop-loss, then choose Buy if you expect the pair to rise or Sell if you expect it to fall.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Forex prices, including EUR/GBP, can move quickly against you, especially around news releases.
FAQ
Frequently asked questions
What is the spread on EUR/GBP at IST Markets?
Spreads on IST Markets accounts start from 1.6 pips on Classic, 1.0 pips on Premium and 0.0 pips plus commission on VIP. The spread on EUR/GBP is variable and depends on market conditions; the live spread is always shown in MT5 before you trade. Cross pairs usually have wider spreads than the majors.
What is the pip value of EUR/GBP?
One pip on EUR/GBP is a price move of 0.0001. On one standard lot it is worth £10 per standard lot (about $13.00 at GBP/USD 1.3000); a mini lot (0.10) is worth a tenth of that and a micro lot (0.01) a hundredth. Use the free pip calculator to work it out for your trade size.
What is the best time to trade EUR/GBP?
The pair trades 24 hours a day, Monday to Friday. It is usually most active during The London session, roughly 07:00–16:00 GMT (11:00–20:00 UAE time), when both European markets are open. Liquidity tends to be thinnest around the daily rollover and late on Fridays, when spreads can widen.
Why is EUR/GBP less volatile than GBP/USD?
The euro area and the UK are close trading partners with similar economic cycles, so news often moves both currencies in the same direction and the cross moves less. It can still jump on central-bank surprises or UK political events.
Is EUR/GBP a major or a cross?
It is a cross, because it does not include the US dollar. It is one of the most liquid crosses, so spreads are usually competitive, especially during London hours.
Ready to trade EUR/GBP on MT5?
Register in about 5 minutes; account verification may take longer.