EUR/GBP is the principal cross between the Eurozone and the United Kingdom, expressing how many British pounds one euro buys. Because both legs trade around the clock from Sunday evening through Friday, the pair is liquid even outside London and Frankfurt hours.
The pair is unusually sensitive to UK-EU trade and political developments, including tariff adjustments, border-protocol changes, and Bank of England versus ECB divergence. Spread tends to widen during periods of political uncertainty.
Traders watch the pair as a gauge of relative monetary policy — when the ECB tightens faster than the BoE, EUR/GBP tends to rise. Algorithmic desks use it to hedge GBP and EUR legs independently without routing through USD.
This page shows an indicative mid-market rate sourced from aggregated market data and public reference rates (ECB/FRED). The rate is not for settlement or regulated trading.
Frequently asked questions
What does EUR/GBP measure?
EUR/GBP states how many British pounds you receive for one euro. A rate of 0.853 means one euro buys 0.853 GBP.
Why is EUR/GBP so politically driven?
The UK left the EU single market in 2021, making trade relationships an ongoing variable. Any change in UK-EU tariff regimes, service access, or regulatory equivalence can reprice the cross quickly.
What is the typical spread on EUR/GBP?
During London hours the spread at major brokers is under 1 pip (0.0001). It widens on UK public holidays and around Bank of England or ECB meeting days.
How does the Bank of England affect EUR/GBP?
When the BoE raises rates faster than the ECB, sterling tends to appreciate (EUR/GBP falls). When the ECB leads, the cross rises. Market expectations around policy meetings drive significant short-term moves.
Is EUR/GBP a good hedge for EU-UK business payments?
It is the natural hedge, though corporate treasurers typically use forward contracts or options on the same pair rather than the spot rate shown here.
Can I use the exchangerate.dev API for EUR/GBP?
Yes. GET /v1/latest/EUR?symbols=GBP returns the live indicative rate, source, market_session, and timestamp. The reverse is also supported (GBP as base). All rates are indicative, not for settlement.
What is the historical range of EUR/GBP?
Since the euro launched in 1999 the pair has ranged roughly from 0.57 (peak EUR weakness around 2000) to 0.98 (post-Brexit vote panic in 2016). Mid-2020s levels have oscillated in the 0.83–0.88 band.