The EUR/GBP rate tracks the price of the euro, the base currency, against the pound Sterling, the counter currency. This major FX pair represents the two largest European currencies. Monetary policy announcements of both the European Central Bank and the Bank of England will have an influence on this currency pair as well as the respective country's interest rates.
Spot or forward? These two forex markets behave differently, and now you can trade both with us as forex CFDs. Here’s how they work, and what sets them apart.