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Trade EUR/GBP CFDs. The EUR/GBP, or the Chunnel, is a Forex pair based on the British pound and the euro and is one of the most famous and most traded currency pairs. Yahoo! Finance
Trade EUR/GBP CFDs. The EUR/GBP, or the Chunnel, is a Forex pair based on the British pound and the euro and is one of the most famous and most traded currency pairs. Yahoo! Finance
| Spread | 0.00015 | Spread (%) | 0.02% |
|---|---|---|---|
| Overnight funding - Buy | -0.0094% | Overnight funding - Sell | -0.0019% |
| Initial margin | 3.33% | Maintenance margin | 1.67% |
| Leverage | 1:30 | Expires daily | No |
| Name | Sell | Sell button / Change | Buy | Change | ||
|---|---|---|---|---|---|---|
| {{item.Name}} | {{item.SellPrice}} | Sell | {{item.BuyPrice}} | Buy | {{item.ChangePercentText}} | Trade |
Inflation in the UK fell to its lowest level since March 2022, easing pressure on BOE to hike rates by 50bps at the next meeting on August 3. The pound weakened, while the FTSE 100 rose as borrowing rates are expected to rise less.
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UK's CPI came in at 8.7% YoY, exceeding expectations and increasing pressure on the BOE ahead of its rate decision. Core rose to a 30-year high, with analysts questioning whether more hikes could lead to a mortgage crisis.
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After a shift in the UK's economic policy and the appointment of a new Exchequer Chancellor in the UK, the British pound climbed against the US dollar and the Euro yesterday.
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