EUR/GBP Exchange Rate Today — Live Chart and Analysis

EUR/GBP is an exchange rate that specifies how many GBP (Great Britain Pound) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is GBP. If this rate declines, it means that GBP appreciates relative to EUR and if this rate increases it means that the GBP depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/GBP exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Eurozone and United Kingdom, the latter imports 20% of Eurozone's total exports, whereas Eurozone imports 55% of United Kingdom's total exports. The largest component of Eurozone's exports are machinery, nuclear reactor, boiler products and vehicles whereas United Kingdom's largest export components are gold and vehicles. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.