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AuthorBy Chris Cammack
Updated: July 5, 2022

EUR/GBP Background

One of the few major currency pairs that do not feature the USD, the EUR/GBP responds to the economic developments in the Eurozone and the United Kingdom. While both currencies in this pair are heavily affected by the strength of the USD, the movement between the EUR and GBP usually revolves around economic policy set by the European Central Bank and the Bank of England. In recent years, the price movement of this currency pair has been heavily influenced by the UK’s decision to leave the EU in 2016 and the COVID-19 pandemic and subsequent vaccination efforts.

The best time to trade the EUR/GBP is during the European and British trading day, when price movement is most active. Like other major pairs, spreads are generally tight, averaging about 1.5 pips though sometimes much lower at times of high volatility. 

The table below shows the Forex brokers with the lowest trading costs for EUR/GBP, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/GBP.

Best EURGBP Forex Brokers

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Broker
Overall Rating
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
IG
4.69 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBundesanstalt für FinanzdienstleistungsaufsichtBest Forex Brokers in SingaporeDubai Financial Services AuthorityFinancial Services AgencyCommodity Futures Trading AssociationMarket Maker
Capital.com
4.68 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersMarket Maker
Pepperstone
4.61 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services AuthorityBundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets AuthorityNDD
CMC Markets
4.59 /5
Read Review
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersFCA Regulated BrokersBest Forex Brokers in SingaporeFMA Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtMarket Maker
Markets.com
4.49 /5
Read Review
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionMarket Maker
AvaTrade
4.48 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionFinancial Services AgencyCySEC Regulated BrokersCentral Bank of IrelandMarket Maker
Tickmill
4.48 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1CySEC Regulated BrokersFCA Regulated BrokersLabuan Financial Services AuthorityFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthoritySTP
IC Markets
4.46 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1CySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthorityECN/DMA
Admiral Markets
4.34 /5
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersCySEC Regulated BrokersFCA Regulated BrokersFinancial Services Conduct AuthoritySTP
Axi
4.34 /5
Read Review
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersFMA Regulated Forex BrokersDubai Financial Services AuthorityECN/DMA

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