CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
The GBP/EUR is the number of Euros needed to buy one British pound, and the rate is currently roughly 1.1954 Euro. The annual volume for the year ended 2016 was $100 billion, up 2 % from 2015. The GBP/EUR traded roughly between 1.14 and 1.20 between March and April. The GBP has traded to the Euro in a 52-week trading range of between 1.0934 – 1.3219.
The GBP/EUR is affected by numerous national and international dynamics. Local interest rates, inflation; economic and political policies, currently dominated by Brexit, GDP, and employment rates are internal issues that are likely to influence pound sterling to the euro going forward.
Internationally, the GBP/EUR is likely to be affected by economic and political events in the EU, and other major trading partners of the UK. Brexit is an on-going focus in the EU, causing high volatility in the pound-euro cross. Political events in the EU vis-à-vis the French, Italian, and German election could play a role in the direction of the GBP/EUR. The interest rates policy of the ECB in the Eurozone and the Fed could determine the direction of the pairing.
Brexit looms large over the UK and Europe. The move by Britain to exit the EU could possibly see British banks leaving London, resulting in capital outflows and impacting the GBP/EUR.
The UK is growing at a modest pace and should inflation rise, the BoE may increase interest rates in line of its CPI benchmark of 2%. Higher interest rates may strengthen the GBP/EUR. The ECB may reduce interest rates to fight rising unemployment and a weak economy, although price stability is its primary mandate.
President Trump’s foreign policy statements and economic policies often create uncertainty and fear. In a climate of rising tensions, the GBP/EUR may benefit, especially if the Eurozone is moribund.
Trading forex on margin is risky and can lead to losses higher than your initial deposit amount. Should the market turn negative, you may be required to lodge additional funds or your broker may close out your position. London Capital Group offers the EUR/ GBP, which is the inverse of GBP/EUR. Two trading platforms available to investors: LCG Trader and MT4.
Forex accounts at London Capital Group are listed according to margin group and tier level. The EUR/ GBP is listed as major forex pair and is available across all four tier levels. Clients can choose between Classic and ECN accounts. The classic account offers the following:
• Average spread 1.5
• Min trade size 0.01 Lot
• Pip position 0.0001
• Value of 1 pip/lot GBP 10
• Guaranteed stop charge: 3
• Max MT4 lot: 30
The GBP/EUR pair is one of the most popular non-dollar crosses to trade worldwide, accounting for 2% of global forex volumes. Interest rates and GDP figures in the UK and EU could cause further volatility. The political uncertainty and poor growth prospects in France and other EU nations, presents unique trading opportunities for forex traders.
Forex.com scored best in our review of the top brokers for brokers for trading eur/gbp , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURGBP
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|GBP/USD Spread||0.9||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|