Forex Cross
EUR/GBP — Euro / British Pound
0.5 – 2.0 pips · 35 – 60 pips
EUR/GBP is a slow, range-prone cross that isolates the ECB-versus-BoE story without USD noise. Perfect for patient mean-reversion traders, frustrating for breakout traders.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 EUR |
| Pip / tick value | 0.0001 → ca. 12 – 13 USD / 1.00 lot |
| Typical spread | 0.5 – 2.0 pips |
| Typical daily range | 35 – 60 pips |
| Best trading hours | London morning |
What moves this market
- ▸Relative ECB vs BoE rate expectations
- ▸UK and euro-area inflation surprises
- ▸UK political risk
Correlations to watch
- ▸Rises when GBP/USD falls faster than EUR/USD
- ▸Low correlation to commodities — a genuine diversifier
How traders approach it
- ▸Range reversion between weekly highs and lows
- ▸Relative-strength trades after divergent CPI prints
- ▸Small targets, tight management
Typical mistakes
- ▸Expecting Cable-sized moves and over-sizing
- ▸Paying a wide spread relative to the daily range
Related instruments
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