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EUR/GBP Pip Value Calculator

A pip on EUR/GBP is 0.0001 of the quote price. What that is worth in cash depends on your lot size and account currency. One standard lot is 10 GBP per pip — set your lot size below to get the exact value for Euro/British Pound.

1 standard lot · 100,00010 GBP
1 mini lot · 10,0001 GBP
1 micro lot · 1,0000.1 GBP

Value of one pip, in the quote currency (GBP). Pip size on EUR/GBP = 0.0001.

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Formula: Units = Lots × Contract size; Pip value = Pip size × Units × Exchange rate. Results are an aid, not financial advice.

Know your pip value – now size the trade.Turn the cash value of a EUR/GBP pip into the exact lot size your risk budget allows.
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About the EUR/GBP pair

  • TypeCross
  • Base / quoteEuro / British Pound
  • Pip size0.0001
  • Typical spread0.8–2.0 pips
  • Most activeLondon session

A range-prone cross expressing relative ECB vs BoE policy and eurozone–UK growth. Tighter ranges than dollar majors but trends on policy divergence.

How pip value works on EUR/GBP

One pip on EUR/GBP is a price move of 0.0001. Its cash value is not fixed – it scales with how many units of Euro you trade. Multiply your lot size by the contract size to get units (a standard lot is 100,000), then multiply the pip size by those units to get the pip value in the quote currency, GBP. If your account is held in GBP that figure is final; otherwise convert it at the GBP→account rate.

Worked example

Trading one standard lot of EUR/GBP (100,000 units) makes a single pip worth 10 GBP; ten pips are 100 GBP. A mini lot (10,000 units) is 1 GBP per pip and a micro lot (1,000 units) is 0.1 GBP. For an account in another currency, multiply by the GBP→account exchange rate (the calculator does this for you).

Frequently asked questions

What is the pip value of EUR/GBP?
On EUR/GBP one pip is 0.0001. One standard lot is worth 10 GBP per pip, a mini lot 1 GBP and a micro lot 0.1 GBP.
How do I convert the EUR/GBP pip value to my account currency?
If your account currency is GBP, no conversion is needed. Otherwise multiply the quote-currency pip value by the rate that turns one unit of GBP into your account currency – enter that rate in the calculator above and it does the conversion.
Is EUR/GBP a major or a cross pair?
EUR/GBP is classed as a Cross pair (Euro against British Pound). Typical spreads run around 0.8–2.0 pips and it is most active during the London session.

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Jarosław Wasiński

Jarosław Wasiński

Editor-in-chief, ForexMechanics.com • Macro & FX analyst

Independent analyst and practitioner with over 20 years of experience in financial markets. Actively involved in Forex since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management.

  • Creator and editor-in-chief of MyBank.pl, providing reliable financial education since 2004.
  • Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for traders and investors.
  • Advocate for market transparency, promoting education grounded in hard data and institutional reports (BIS, ESMA, CFTC).

All content is educational and informational only – it does not constitute investment advice or a recommendation. Remember: leveraged trading (Forex/CFD) carries a high risk of rapid capital loss.