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AuthorAuthor: Chris CammackUpdated: September 9, 2022

Last Updated On September 9, 2022

Chris Cammack

EUR/GBP Background

One of the few major currency pairs that do not feature the USD, the EUR/GBP responds to the economic developments in the Eurozone and the United Kingdom. While both currencies in this pair are heavily affected by the strength of the USD, the movement between the EUR and GBP usually revolves around economic policy set by the European Central Bank and the Bank of England. In recent years, the price movement of this currency pair has been heavily influenced by the UK’s decision to leave the EU in 2016 and the COVID-19 pandemic and subsequent vaccination efforts.

The best time to trade the EUR/GBP is during the European and British trading day, when price movement is most active. Like other major pairs, spreads are generally tight, averaging about 1.5 pips though sometimes much lower at times of high volatility. 

The table below shows the Forex brokers with the lowest trading costs for EUR/GBP, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/GBP.

Best EURGBP Forex Brokers

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Broker
Broker Score
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
IG
4.69 /5
Read Review
Visit Broker >
70% of retail CFD accounts lose money
2.51 pips
USD 0
USD 25.10
1.50 pips
USD 20.39
200:1
FCA Regulated Brokers
ASIC Regulated Forex Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Financial Markets Authority of New Zealand
Dubai Financial Services Authority
Financial Services Agency
Commodity Futures Trading Association
Finansinspektionen
Market Maker
Markets.com
4.68 /5
Read Review
Visit Broker >
70.3% of retail CFD accounts lose money
2.60 pips
USD 0
USD 26
1.50 pips
USD 20.39
300:1
FCA Regulated Brokers
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
FSCA Regulated Forex Brokers
Market Maker
Forex.com
4.62 /5
Read Review
Visit Broker >
69%Hello Chrisof retail CFD accounts lose money
1.27 pips
USD 0
USD 12.70
1.50 pips
USD 20.39
200:1
FCA Regulated Brokers
ASIC Regulated Forex Brokers
Monetary Authority of Singapore
CySEC Regulated Brokers
Cayman Islands Monetary Authority
Market Maker
Pepperstone
4.61 /5
Read Review
Visit Broker >
89%74- of retail CFD accounts lose money
1.00 pips
USD 0
USD 10
1.50 pips
USD 20.39
400:1
FCA Regulated Brokers
ASIC Regulated Forex Brokers
CySEC Regulated Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Capital Markets Authority
NDD
AvaTrade
4.59 /5
Read Review
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76% of retail CFD accounts lose money
1.50 pips
USD 0
USD 15
1.50 pips
USD 20.39
400:1
ASIC Regulated Forex Brokers
FSCA Regulated Forex Brokers
CySEC Regulated Brokers
Financial Services Agency
Central Bank of Ireland
Financial Regulatory Services Authority
Israel Securities Authority
Market Maker
Tickmill
4.58 /5
Read Review
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70% of retail CFD accounts lose money
0.40 pips
USD 4
USD 8
1.50 pips
USD 20.39
1000:1
CySEC Regulated Brokers
FCA Regulated Brokers
Labuan Financial Services Authority
FSCA Regulated Forex Brokers
The Seychelles Financial Services Authority
Dubai Financial Services Authority
STP
Eightcap
4.53 /5
Read Review
Visit Broker >
N/A of retail CFD accounts lose money
0.43 pips
USD 7
USD 11.30
1.50 pips
USD 20.39
500:1
ASIC Regulated Forex Brokers
Securities Commission of the Bahamas
FCA Regulated Brokers
CySEC Regulated Brokers
Market Maker NDD
HFM (HotForex)
4.53 /5
Read Review
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72.90% of retail CFD accounts lose money
1.50 pips
USD 0
USD 15
1.50 pips
USD 20.39
2000:1
FSCA Regulated Forex Brokers
CySEC Regulated Brokers
FCA Regulated Brokers
Financial Services Commission
The Seychelles Financial Services Authority
Dubai Financial Services Authority
STP
IC Markets
4.46 /5
Read Review
Visit Broker >
70.81% of retail CFD accounts lose money
1.27 pips
USD 0
USD 12.70
1.50 pips
USD 20.39
500:1
CySEC Regulated Brokers
ASIC Regulated Forex Brokers
The Seychelles Financial Services Authority
Securities Commission of the Bahamas
ECN/DMA
XM
4.45 /5
Read Review
Visit Broker >
75.33% of retail CFD accounts lose money
0 pips
USD 0
USD 0
0 pips
USD 0
1000:1
CySEC Regulated Brokers
ASIC Regulated Forex Brokers
International Financial Services Commission
FSCA Regulated Forex Brokers
Dubai Financial Services Authority
Market Maker

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