The European Currency (Euro) against the British Pound Sterling

EURGBP ANALYSIS

The European Currency (Euro) against the British Pound Sterling

CENTRAL BANK

ECB

BoE

FOREIGN CURRENCY RESERVES

51.373 Million USD

10.135 Million USD (Only BoE)

 

EURGBP Preface:

EURGBP is a Euro cross and one of the 8 most traded currency pairs in the world. EURGBP is considered as the 8th Major by Forex traders. Statistically, EURGBP is correlated to EURUSD.

 

EURGBP Monthly Statistics:

These are the monthly average returns of EURGBP based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES

(↑)

TIMES

(↓)

AVERAGE DAILY VOLATILITY

JANUARY

-0.79%

4

11

0.770%

FEBRUARY

0.79%

10

5

0.752%

MARCH

0.57%

10

5

0.695%

APRIL

-0.66%

7

8

0.662%

MAY

-0.13%

5

10

0.724%

JUNE

-0.29%

9

6

0.700%

JULY

-0.32%

8

7

0.620%

AUGUST

0.51%

8

7

0.620%

SEPTEMBER

0.12%

7

8

0.682%

OCTOBER

-0.39%

6

9

0.730%

NOVEMBER

0.99%

11

4

0.701%

DECEMBER

1.34%

11

4

0.696%

 

Best Months to Trade the EURGBP:

()-LONG TRADES

According to data during 2000-2014, the best months to go long on EURGBP are:

→ DECEMBER, with positive average returns of +1.34%

→ NOVEMBER, with positive average returns +0.99%

→ FEBRUARY, with positive average returns +0.79%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on EURGBP are:

→ JANUARY, with negative average returns -0.79%

→ APRIL, with negative average returns -0.66%

→ OCTOBER, with negative average returns -0.39%

 

EURGBP Monthly Statistics Chart:

This is the EURGBP Monthly Performance Chart.

Chart: EURGBP Average Returns (%) per Calendar Month

Most Volatile Days of the Week to Trade the EURGBP

These are the most volatile days to trade EURGBP based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

75 pips

85 pips

80 pips

75 pips

90 pips

 

Best Intraday Times to Trade the EURGBP:

In general, the best time to trade EURGBP is during the London session, especially from 8:00 GMT to 16.00 GMT.

 

 

Forex Brokers and EURGBP Trading

These are some EURGBP Forex Brokers.

FOREX BROKER

EURGBP SPREADS

PLATFORMS

ACCOUNT

INFORMATION

» LQDFX

REGULATED: (N/A)

US TRADERS: NO

EURGBP SPREADS:

1.2 pip typical without trading commissions (Gold Account Type)

□ MetaTrader-4

SCALPING: YES

FREE VPS: NO

PAMM ACCOUNT: NO

$20 Minimum Deposit Amount

500:1 Max Leverage

WEB-SITE:

► Visit LQDFX

REVIEW:

► Review LQDFX

 

PAIRS: » EURUSD | » GBPUSD | » USDJPY | » USDCAD | » EURJPY | » AUDUSD | » NZDUSD

 

EURGBP ANALYSIS

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