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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
Read Review
Visit Broker >
Your capital is at risk
2.51 pips
USD 0
USD 25.10
1.50 pips
USD 20.39
30:1
FCA Regulated Forex Brokers
ASIC Regulated Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Finansinspektionen
Market Maker
Capital.com
4.68 /5
Read Review
Visit Broker >
Your capital is at risk
1.50 pips
USD 0
USD 15
1.50 pips
USD 20.39
30:1
FCA Regulated Forex Brokers
CySEC Regulated Brokers
ASIC Regulated Brokers
Market Maker
Pepperstone
4.61 /5
Read Review
Visit Broker >
Your capital is at risk
1.00 pips
USD 0
USD 10
1.50 pips
USD 20.39
30:1
FCA Regulated Forex Brokers
ASIC Regulated Brokers
CySEC Regulated Brokers
DFSA Regulated Forex Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Securities Commission of the Bahamas
Capital Markets Authority
NDD
Markets.com
4.49 /5
Read Review
Visit Broker >
Your capital is at risk
2.60 pips
USD 0
USD 26
1.50 pips
USD 20.39
30:1
FCA Regulated Forex Brokers
CySEC Regulated Brokers
ASIC Regulated Brokers
Financial Services Conduct Authority
British Virgin Islands Financial Services Commission
Market Maker
Tickmill
4.48 /5
Read Review
Visit Broker >
Your capital is at risk
0.40 pips
USD 4
USD 8
1.50 pips
USD 20.39
30:1
CySEC Regulated Brokers
FCA Regulated Forex Brokers
Labuan Financial Services Authority
Financial Services Conduct Authority
The Seychelles Financial Services Authority
STP
IC Markets
4.46 /5
Read Review
Visit Broker >
Your capital is at risk
1.27 pips
USD 0
USD 12.70
1.50 pips
USD 20.39
30:1
CySEC Regulated Brokers
ASIC Regulated Brokers
The Seychelles Financial Services Authority
ECN/DMA
AvaTrade
4.38 /5
Read Review
Visit Broker >
Your capital is at risk
1.50 pips
USD 0
USD 15
1.50 pips
USD 20.39
30:1
ASIC Regulated Brokers
Financial Services Conduct Authority
British Virgin Islands Financial Services Commission
Financial Services Agency
CySEC Regulated Brokers
Central Bank of Ireland
Market Maker
Admiral Markets
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
1.00 pips
USD 0
USD 10
1.50 pips
USD 20.39
30:1
ASIC Regulated Brokers
CySEC Regulated Brokers
FCA Regulated Forex Brokers
Financial Services Conduct Authority
STP
Axitrader
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
0 pips
USD 0
USD 0
1.50 pips
USD 20.39
30:1
FCA Regulated Forex Brokers
ASIC Regulated Brokers
Financial Markets Authority of New Zealand
DFSA Regulated Forex Brokers
ECN/DMA
FXTM
4.33 /5
Read Review
Visit Broker >
Your capital is at risk
2.40 pips
USD 0
USD 24
1.50 pips
USD 20.39
30:1
CySEC Regulated Brokers
FCA Regulated Forex Brokers
Financial Services Commission
ECN/DMA
Market Maker

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