EUR vs GBP Spread Bets





Also see Live EURGBP chart below.



Where Can I Spread Bet on EURGBP?

You can put spread bets on EURGBP and numerous other financial markets by using an account with the following spread betting platforms:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live EURGBP Chart




Live EURGBP Chart




Where Can I Get Live Spread Betting Prices and Charts for EURGBP?

The above chart gives a handy look at the latest movements.

But, for those that are spread trading EURGBP, the above firms offer real-time price updates as well as charts that have more technical analysis features.

Typical spread betting chart:

EUR vs GBP Spread Bets - Example Chart



EURGBP Spread Betting Example

EUR vs GBP Spread Bets
If you are interested in financial spread betting on an FX pair such as EURGBP then, on visiting a company like IG, at the moment you’d find a price of £0.79238 – £0.79246.

This means you could speculate on EURGBP to go above £0.79246 or go below £0.79238.

When spread betting, you trade on every unit the market moves up or down. Specifically, for the EURGBP market a unit is £0.00010 of the rate’s price movement.

With this example, let’s say you want to bet £2 for every £0.00010 EURGBP moves up or down.


Buying – Spread Betting on the Market to Rise

If you were to go long of EURGBP at £0.79246 and the rate went up then the spread could change to £0.79801 – £0.79809. If this were the case, you might choose to close your trade for a profit at £0.79801.

Profits (or Losses) = (settlement level of the market – initial level of the market) x stake per £0.00010
Profits (or Losses) = (£0.79801 – £0.79246) x £2 per £0.00010 stake
Profits (or Losses) = £0.00555 x £2 per £0.00010
Profits (or Losses) = £111.00 profit

Conversely, if the rate were to fall down to, for example, £0.78771 – £0.78779, you might decide to close your position to restrict your losses. If so, you’d place a sell trade at £0.78771.

With the same £2 per £0.00010 stake:

Profits (or Losses) = (settlement level of the market – initial level of the market) x stake per £0.00010
Profits (or Losses) = (£0.78771 – £0.79246) x £2 per £0.00010 stake
Profits (or Losses) = -£0.00475 x £2 per £0.00010
Profits (or Losses) = -£95.00 loss


Selling – Spread Betting on the Market to Fall

An advantage of placing a spread bet is that investors can short sell the markets, i.e. bet that the markets will drop.

This market was originally priced at £0.79238 – £0.79246.

If you were to go short of EURGBP at £0.79238 and the rate went down then the quote could become £0.78609 – £0.78617. If that were to happen, you might choose to close your trade for a profit by buying at £0.78617.

Profits (or Losses) = (initial level of the market – settlement level of the market) x stake per £0.00010
Profits (or Losses) = (£0.79238 – £0.78617) x £2 per £0.00010 stake
Profits (or Losses) = £0.00621 x £2 per £0.00010
Profits (or Losses) = £124.20 profit

Conversely, if the rate had increased to £0.79762 – £0.79770, you might want to close your bet to limit your losses. Therefore, you would buy back at £0.79770.

Therefore, with the same £2 per £0.00010 stake:

Profits (or Losses) = (initial level of the market – settlement level of the market) x stake per £0.00010
Profits (or Losses) = (£0.79238 – £0.79770) x £2 per £0.00010 stake
Profits (or Losses) = -£0.00532 x £2 per £0.00010
Profits (or Losses) = -£106.40 loss


EURGBP Rolling Daily spread betting prices quoted as of 24-Jun-16.

This is a ‘Rolling Daily’ trade. This kind of trade does not have a set closing date and will just rollover to the next session. When a market rolls over you might receive a small credit or incur a small financing cost. Also see rolling daily charges.



EURGBP Test Accounts

The companies listed below also offer free test accounts. I.e. accounts you can use to have a go at spread betting on EURGBP without risking any capital.



User Questions and Answers on EURGBP

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