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Full Name EUR/GBP
Spread Type Floating
Min traded quantity 1000
Trading hours Sun - Fri 22:05 - 21:00 (UTC)
Long position overnight fee -0.0156%
Short position overnight fee -0.0107%
Overnight fee time 21:00 PM
Derivative Type Contract for Difference
The base currency – EUR. The counter currency – GBP. The EUR/GBP rate represents the relationship between the two largest European currencies: Eurozone’s Euro and the British Pound. Because the economies of Britain and Europe are very closely connected, the EUR/GBP is a FX major, boasting a high trading volume. However, in the face of Brexit, the euro to pound rate is expected to rebound based on the news of the divorce from Europe.