Cross pair · “Chunnel”
EUR/GBP: volatility, trading hours and correlation
The euro against the British pound. EUR/GBP has averaged 26 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 0.84303 16 October 2026
- Avg daily range
- 26 pips 90 days · 0.31% of price
- 1-year change
- -3.07% EUR weaker vs GBP
- 52-week range
- 0.84184 – 0.88651 Low to high
EUR/GBP over the last 12 months
Daily closes
When EUR/GBP moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare EUR/GBP with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Ranges are similar every weekday, within 3 pips of each other.
Calendar-year performance
% change in EUR/GBP each year, latest year to date
EUR/GBP seasonality
Average % change by calendar month across the last 9 years. May has been the strongest month on average and January the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.75% | -0.19% | +0.26% | -0.02% | +0.83% | +0.58% | +0.09% | +0.58% | -0.28% | -0.66% | -0.31% | +0.25% |
| Years up | 22% | 44% | 44% | 22% | 56% | 78% | 44% | 56% | 56% | 33% | 44% | 44% |
EUR/GBP correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/GBP.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 5 February 2026 | 87 pips | +0.79% | 2.8× |
| 15 July 2026 | 81 pips | -0.70% | 2.6× |
| 2 March 2026 | 70 pips | -0.57% | 2.3× |
| 31 March 2026 | 67 pips | +0.46% | 2.2× |
| 14 May 2026 | 66 pips | +0.54% | 2.1× |
EUR/GBP pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 13.33 USD | 1.33 USD | 0.133 USD |
 EUR | 11.86 EUR | 1.19 EUR | 0.119 EUR |
 GBP | 10.00 GBP | 1.00 GBP | 0.100 GBP |
About EUR/GBP
EUR/GBP shows how many British pounds (GBP) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the British pound. Traders often call it “Chunnel”.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
GBP is issued by the Bank of England. It tends to respond to Bank of England rate decisions, UK inflation and wage data, and UK political and fiscal news.
With an average range of about 26 pips a day, a stop loss of 8–16 pips is roughly a third to two-thirds of a normal day for EUR/GBP. Always size your position from the stop distance with the lot size calculator.
EUR/GBP FAQ
What is the average daily range of EUR/GBP?
Over the last 90 days EUR/GBP moved an average of 26 pips from high to low each day, about 0.31% of its price. Over the past year the average was 31 pips, and over the last 20 trading days it was 28 pips.
What is the best time to trade EUR/GBP?
In the past year EUR/GBP was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (24 pips). The quietest hour was 04:00 UTC. Its average range was similar on every weekday.
What is EUR/GBP most correlated with?
Based on daily returns over the last year, EUR/GBP moved most closely with EUR/NZD (correlation 0.32) and most inversely with GBP/CHF (-0.58).
How much is one pip worth on EUR/GBP?
One pip on EUR/GBP is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 GBP, or about $13.33 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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