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Cross

EUR/GBP — “Chunnel”

EUR/GBP prices the euro in British pounds. Because the two economies are closely linked, it often moves in tighter ranges than the dollar pairs.

Reference rate

0.8574

Bank of Canada-derived · 2026-09-29

Pip value (10,000 units)

C$1.88

Pip size 0.0001

Most active (ET)

3 a.m.–11 a.m. ET (London).

EUR/GBP — last 120 Bank of Canada observations

2026-09-29 → 2026-04-09 · +1.57%

Latest
0.8709
High
0.8719
Low
0.8484

What moves EUR/GBP

  • ECB vs Bank of England policy
  • U.K.–EU trade relations
  • Relative inflation and growth

The Canadian angle

A range-bound pair can suit mean-reversion strategies — but ranges end, sometimes abruptly.

Related: what moves the loonie · pip calculator · market hours

Registered brokers to trade EUR/GBP

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.5/ 10
    Visit siteFull review
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.4/ 10
    Visit siteFull review
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

    8.9/ 10
    Visit siteFull review

Questions

What is one pip worth on EUR/GBP in Canadian dollars?

A pip on EUR/GBP is 0.0001. On 10,000 units that's 1 GBP, or about C$1.88 at the latest Bank of Canada rate.

When is EUR/GBP most active?

3 a.m.–11 a.m. ET (London).

Where can Canadians trade EUR/GBP?

Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on this pair is capped by CIRO margin rates.

Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.