Currency
EUR/GBP exchange-rate chart
EUR/GBP quotes the euro, issued by the European Central Bank, against the pound sterling, issued by the Bank of England. The euro is the base currency and sterling is the quote currency, so the figure shown is how many pounds one euro buys.
Unlike EUR/USD or GBP/USD, this pair is a direct cross that does not involve the US dollar. It is an interbank spot mid-market quote, widely used by UK and eurozone businesses trading with each other.
EUR / GBP chart
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At a glance
| Full name | Euro / British Pound Sterling |
|---|---|
| Pair code | EUR/GBP |
| TradingView symbol | FX:EURGBP |
| Instrument type | Spot FX interbank quote (mid-market) |
| Base currency | Euro (EUR) |
| Quote currency | Pound sterling (GBP) |
| What one unit represents | How many pounds one euro buys |
| Market schedule | Roughly 24 hours a day, Sunday evening to Friday evening UTC; closed at weekends |
| Central banks involved | European Central Bank; Bank of England |
| Liquidity/session notes | Most liquid during London trading hours, given the close UK–eurozone trade relationship |
| Data delay note | Chart data may be delayed; this page is not a dealing or payment rate |
What is EUR / GBP?
The euro is managed by the European Central Bank on behalf of the eurozone's member states, while sterling is managed independently by the Bank of England for the United Kingdom. EUR/GBP is a direct cross rate between two neighbouring, closely trade-linked economies.
Because the UK and the eurozone are major trading partners, EUR/GBP is closely watched by businesses on both sides of the Channel, and reflects the relative direction of UK and eurozone monetary policy and economic performance rather than dollar-driven dynamics.
How to read this chart
A rising EUR/GBP line means the euro is strengthening against sterling — one euro buys more pounds. A falling line means sterling is strengthening relative to the euro.
A eurozone exporter invoicing UK customers in sterling receives fewer euros per sale when EUR/GBP rises (euro strengthens), and more when it falls (sterling strengthens). As elsewhere, the chart shows a mid-market rate rather than the rate a bank applies to an actual transfer.
What moves it?
- European Central Bank vs Bank of England policy
- The relative pace and direction of interest-rate decisions by the ECB and the Bank of England are the primary driver of this cross.
- UK fiscal policy and gilt market conditions
- UK government borrowing plans and market reaction in gilts can move sterling independently of the euro side of the pair.
- Eurozone growth divergence
- Differences in economic performance across eurozone member states can affect confidence in the euro relative to sterling.
- UK–EU trade relationship developments
- Changes to the trading arrangement between the UK and the EU can influence sentiment towards both currencies.
- Relative inflation trends
- Diverging UK and eurozone inflation data shapes expectations for each central bank's next policy move.
Why businesses and investors monitor it
UK and eurozone businesses that invoice each other directly in euros or sterling use EUR/GBP to price contracts and judge hedging costs without needing to reference the US dollar.
Because EUR/GBP isolates UK-versus-eurozone dynamics, treasury teams also use it to separate sterling- or euro-specific developments from broader global dollar-driven currency moves visible in EUR/USD or GBP/USD.
EUR/GBP vs GBP/USD
EUR/GBP isolates the relative direction of the euro and sterling, whereas GBP/USD reflects sterling's performance against the dollar, which is often driven by global dollar sentiment rather than UK–eurozone dynamics specifically.
Comparing the two can help a business determine whether a sterling move is being driven by UK-specific or eurozone-specific factors, or simply by broader dollar strength or weakness.
Frequently asked questions
Why use EUR/GBP instead of comparing EUR/USD and GBP/USD separately?
EUR/GBP gives a direct read on the euro-sterling relationship without the added noise of dollar-driven moves that affect both EUR/USD and GBP/USD simultaneously.
What does a stronger sterling mean for a UK importer buying from the eurozone?
A stronger sterling (falling EUR/GBP) means fewer pounds are needed to buy the same amount of euro-invoiced goods, reducing import costs, all else equal.
Why is my bank's rate different from the EUR/GBP chart?
The chart shows an interbank mid-market rate; banks and payment providers add a margin for actual transfers.
Is EUR/GBP open at weekends?
No. Like other major currency pairs, the interbank market for EUR/GBP closes over the weekend, broadly from Friday evening to Sunday evening UTC.
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Sources
- ECB euro foreign exchange reference rates
- Bank of England statistical database
- BIS triennial FX survey
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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