Convert EUR to GBP
The exchange rate of the EUR/GBP sees the most amount of fluctuation typically during the European session, when markets in both the EU as well as in Britain are open and key news emerges. A good time to trade Euro Pound is anywhere between 0600 and 1600 GMT.
This currency pair is one of the safer ones among the leading forex pairs because of the close correlation between the economies of the Eurozone and the UK. This makes it less volatile and hence safer for new forex traders to try trading. However, trading the Euro and the Pound Sterling is just as exciting for expert traders as it also offers opportunities with significant volatility at times, especially during developments related to Brexit.
EUR/GBP touched an all time high of 0.98049 on 29 December 2008, while the weakest level this currency pair has touched is 0.56870 on 1 May 2000.