EUR/GBP

EUR/GBP CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the British Pound.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The British Pound, the currency issued in the United Kingdom, is also one of the four major currencies.

According to the 2022 BIS Triennial Central Bank Survey, the British Pound ranks fourth in trading volume, following the Japanese yen. The EUR/GBP currency pairing will be influenced by the relative economic performance and monetary policies of the Eurozone and the United Kingdom.