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Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.
Discover the latest movements and expert technical analysis on the EUR/GBP currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.
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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.
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Broker | Official Site | Min. Spread | Commission | Cost of Trading (USD) Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission. | Ind. Avg. Spread | Ind. Avg. Trading Cost | International Regulators | Trading Desk | Hedging | Scalping | Compare | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 | 2.51 pips | USD 0 | USD 25.10 | 1.50 pips | USD 20.39 | 30:1 |         | Market Maker | Yes | Yes | |||
 | 2.60 pips | USD 0 | USD 26 | 1.50 pips | USD 20.39 | 30:1 |    | Market Maker | Yes | Yes | |||
 | 1.27 pips | USD 0 | USD 12.70 | 1.50 pips | USD 20.39 | 200:1 |   | Market Maker | Yes | Yes | |||
 | 1.00 pips | USD 0 | USD 10 | 1.50 pips | USD 20.39 | 30:1 |  | NDD | Yes | Yes | |||
 | 1.50 pips | USD 0 | USD 15 | 1.50 pips | USD 20.39 | 30:1 | | ECN/DMA | Yes | Yes | |||
 | 1.50 pips | USD 0 | USD 15 | 1.50 pips | USD 20.39 | 30:1 |   | Market Maker | Yes | Yes | |||
 | 0.40 pips | USD 4 | USD 8 | 1.50 pips | USD 20.39 | 30:1 |   | STP | Yes | Yes | |||
 | 0.43 pips | USD 7 | USD 11.30 | 1.50 pips | USD 20.39 | 500:1 |   | Market Maker NDD | Yes | Yes | |||
 | 0 pips | USD 0 | USD 0 | 0 pips | USD 0 | 30:1 |   | Market Maker NDD | Yes | Yes | |||
 | 1.27 pips | USD 0 | USD 12.70 | 1.50 pips | USD 20.39 | 30:1 | | ECN/DMA | Yes | Yes |
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