EUR/GBP Spread Betting

Where Can I Spread Bet on EUR/GBP?

Where Can I Access Live EUR/GBP Prices?

Where Can I Get Live EUR/GBP Charts?

• Email alerts for when the financial markets hit a specific level
• BackTesting
• Drawing features and options such as Fibonacci fans, arcs and time zones
• Technical indicators and overlays such as Moving Average, Chaikin's Volatility, TSI and so on
• A wide range of intervals such as 1 minute, 4 hours, 1 month and so on

How to Spread Bet on EUR/GBP

The Spread Betting Market:	EUR/GBP Rolling Daily
Quote (The Spread):	£0.82964 - £0.82974
This Means That:	Now you can bet on the EUR/GBP Rolling Daily market to move:   Higher than £0.82974, or   Lower than £0.82964 This market is a Rolling Daily market meaning that it does not have a final closing date. If you decide not to close your trade and the trading session ends then your trade will automatically roll over into the next trading day. Note: if a trade is rolled over then you will either have to pay or receive interest for overnight financing depending on whether you are speculating on the market to move lower or higher. For further details also see Rolling Daily Spread Bets.
Units (Points) Traded:	Financial spread bets on the EUR/GBP market are priced in £x per point. Where a point is £0.00010 of the currency market's price movement. E.g. if EUR/GBP changes by £0.00500 then you would win or lose 50 times your stake.
Trade Size:	You work out how much you would like to stake per point, e.g. £2 per point, £5 per point, £15 per point etc.
Short Staking Example:	For example, if you chose a stake of £3 per point and EUR/GBP moves by £0.00350 (35 points), you would win / lose £3 per point x 35 points = £105.

Worked Spread Trading Example - Buying EUR/GBP

You Select Whether to Go Long or Short:	EUR/GBP going:   Higher than £0.82974? or   Lower than £0.82964?
Let’s Say You Choose to Go Long:	Higher than £0.82974
You Choose How Much to Risk, Choosing:	£2 per point
So What Now?	You will win £2 for every point (£0.00010) EUR/GBP pushes higher than £0.82974 Your trade loses £2 for each point (£0.00010) EUR/GBP decreases below £0.82974
If You Are Spread Betting on a Market to Go Up Your Trading Profits (or Losses) =	(Closing Price - Initial Price) x stake
Situation 1	EUR/GBP climbs and the market is revised and is set at £0.83513 - £0.83523, i.e. on Financial Spreads you'd see:   0.83513   0.83523
Take a Profit?	At this point, you can opt to let your trade run or close it in order to lock in your profit. In this example you choose to close your bet by selling at £0.83513.
Your Trading Profits (or Losses) =	(Closing Price - Initial Price) x stake
	(£0.83513 - £0.82974) x £2 per point (£2 per £0.00010)
	£0.00539 x £2 per point
	53.9 points x £2 per point
Your Trading Profits (or Losses) =	£107.80 profit
Situation 2	EUR/GBP falls and the spread betting market becomes £0.82518 - £0.82528:   0.82518   0.82528
Time to Limit the Loss?	You can opt to let your trade run or close it, i.e. close your trade to limit your loss. In this case you opt to settle your position by selling the market at £0.82518.
Your Trading Profits (or Losses) =	(Closing Price - Initial Price) x stake
	(£0.82518 - £0.82974) x £2 per point (£2 per £0.00010)
	-£0.00456 x £2 per point
	-45.6 points x £2 per point
Your Trading Profits (or Losses) =	-£91.20 loss

Spread Trading Example - Going Short of EUR/GBP

You Now Consider Whether to Go Long or Short:	EUR/GBP to go:   Higher than £0.82974? or   Lower than £0.82964?
You Might Decide to Go Short:	Lower than £0.82964
You Select Your Stake, Let's Assume You Opt For:	£1 per point
What Next?	Your trade loses £1 for each point (£0.00010) EUR/GBP increases above £0.82964 You will win £1 for each point (£0.00010) EUR/GBP moves lower than £0.82964
When Spread Betting on a Market to Fall Your Trading Profits (or Losses) =	(Initial Price - Closing Price) x stake
Situation 3	EUR/GBP goes lower and the financial spread betting market is revised and set at £0.82091 - £0.82101, so you'd see this on Financial Spreads:   0.82091   0.82101
Time to Lock in Your Profit?	At this point, you can opt to leave your spread bet open or close it, i.e. close your position to lock in your profit. In this instance you decide to settle your bet by buying the market at £0.82101.
Your Trading Profits (or Losses) =	(Initial Price - Closing Price) x stake
	(£0.82964 - £0.82101) x £1 per point (£1 per £0.00010)
	£0.00863 x £1 per point
	86.3 points x £1 per point
Your Trading Profits (or Losses) =	£86.30 profit
Situation 4	EUR/GBP goes higher and the spread trading market is adjusted to £0.83684 - £0.83694:   0.83684   0.83694
Limit Your Loss?	At this point, you may choose to let your bet run or close it, i.e. close your position and limit your losses. In this instance you choose to close your position by buying at £0.83694.
Your Trading Profits (or Losses) =	(Initial Price - Closing Price) x stake
	(£0.82964 - £0.83694) x £1 per point (£1 per £0.00010)
	-£0.00730 x £1 per point
	-73 points x £1 per point
Your Trading Profits (or Losses) =	-£73.00 loss

•   EUR/GBP market notes: example prices as per Financial Spreads on 2 April 2012
•   Investors could also speculate on EUR/GBP in euros/point and dollars/point

Where Can I Practice Financial Spread Betting on EUR/GBP?

Financial Spreads Account

• Spread Betting Offer
• Apply for an Account