Euro-Sterling Spread Betting
Indicative Euro-Sterling prices:
Click on the tabs for key stock market indices, forex and equities markets.
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Above, indicative prices from Financial Spreads: 2,500+ live prices available to Spread Betting and CFD clients.
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Where Can I Spread Bet on Euro-Sterling? |
You can spread bet on the Euro-Sterling market and a wide range of other FX markets with:
Advert:
Euro-Sterling Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-Sterling with
Financial Spreads.
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Where Can I Spread Bet on Euro-Sterling for Free? |
Investing does involve risks. Nevertheless, if you want to try a Demo Account, that allows you to practice financial spread betting, see Free Demo Account below for more details.
Also, remember that in the UK, spread trading is currently tax free*, i.e. it is exempt from capital gains tax, stamp duty and income tax.
Assuming you want to keep your trading costs as low as possible, note that you can spread bet on the Euro-Sterling pair without paying any brokers' fees or commissions via:
If you'd like a free Test Account where you can try out financial spread betting, and markets like Euro-Sterling, then you could always look into:
Each of the above spread betting companies provide a free Demo Account that lets investors test theories, practice their trading, check charts and gain experience with a variety of trading orders.
Where Can I Find Live Spread Betting Prices and Charts for Euro-Sterling? |
We do show users a reasonably accurate daily Euro-Sterling prices (see above).
The following futures chart also offers a helpful overview of the Euro-Sterling market.
The above chart is provided by Plus 500 and usually shows the Euro-Sterling futures contract.
If you want to analyse real time spread betting charts and prices for Euro-Sterling, you may require a spread trading account.
A spreads account would also let you access the popular shorter-term spot prices. Note: Such accounts are subject to suitability, status and credit checks.
If your application is accepted, you will be able to log in and look at the up-to-the-minute trading prices and charts. These are normally provided as part of the service.
If you decide to trade then, before you start, be aware that CFDs and spread trading carry a significant level of risk to your funds and you can lose more than your initial deposit.
Professional Level Charting Packages for Euro-Sterling |
Despite the fact that the charts tend to vary from provider to provider, in order to help your analysis, most charts usually come with tools such as:
- An array of intervals such as 2 minutes, 5 minutes, 15 minutes, 1 hour, 1 week and so on
- A variety of displays such as candlestick and line charts
- Drawing options and tools such as Fibonacci fans, arcs and time zones
The charts with Capital Spreads also include more advanced aspects like:
- Tailored Indicators and BackTesting
- Numerous overlays such as Parabolic SAR, Ichimoku Clouds, Envelopes and so on
- More than 30 indicators such as MACD, ADX, Relative Momentum Index, Chaikin Volatility, Volume Index and so on
- Automated email alerts that trigger when the markets reach a pre-set price
Example Euro-Sterling chart from Financial Spreads
The spread trading firms in the following list provide their clients with live trading charts and prices:
How to Spread Bet on Euro-Sterling? |
As with a variety of markets, investors can spread bet on forex rates, like Euro-Sterling, to either increase or decrease.
If we log onto Financial Spreads, we can see that they are pricing the Euro-Sterling Rolling Daily market at £0.80381 - £0.80391. As a result, an investor could put a spread bet on the Euro-Sterling rate:
 Increasing higher than £0.80391, or
 Decreasing lower than £0.80381
When spread trading on Euro-Sterling you trade in £x per point where a point is £0.00010 of the pairs movement. Therefore, if you decided to invest £2 per point and Euro-Sterling moves 27.0 points then that would make a difference to your profits (or losses) of £54. £2 per point x £0.00270 = £2 per point x 27.0 points = £54.
Rolling Daily Forex Markets
One important thing to note is that this is a 'Rolling Daily Market' and therefore unlike a futures market, there is no closing date. If a trade is still open when the markets close at the end of the day, it will roll over to the next session.
Should your FX position roll over then you will pay a small overnight financing fee. For more information on Rolling Daily Markets, and a fully worked example, please see Rolling Daily Spread Betting.
Euro-Sterling Rolling Daily - Foreign Exchange Trading Example |
So, if we consider the spread of £0.80381 - £0.80391 and make the assumptions:
- You have analysed the markets, and
- You think that the Euro-Sterling market will increase and move higher than £0.80391
Then you might decide that you want to go long of the market at £0.80391 for a stake of £2 per point.
With this trade, you gain £2 for every point (£0.00010) that the Euro-Pound Sterling rate increases above £0.80391. Nevertheless, you will lose £2 for every point that the Euro-Pound Sterling market decreases lower than £0.80391.
Looking at this from another angle, should you buy a spread bet then your P&L is calculated by taking the difference between the closing price of the market and the price you bought the spread at. You then multiply that price difference by your stake.
Therefore, if after a few trading sessions the rate moved higher then you might want to close your trade and therefore guarantee your profits.
So if the market rose then the spread, set by the spreads firm, might be adjusted to £0.80954 - £0.80964. You would close your position by selling at £0.80954. As a result, with the same £2 stake this trade would make you a profit of:
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = (£0.80954 - £0.80391) x £2 per point stake
Profit / loss = £0.00563 x £2 per point stake
Profit / loss = 56.3 points x £2 per point stake
Profit / loss = £112.60 profit
Of course, the Euro-Pound Sterling market can be volatile and the markets can move against you. With the above, you had bet that the currency pair would go up. Nevertheless, it might fall.
If this Euro-Pound market had started to drop then you could close your trade in order to limit your losses.
So if the market fell to £0.79748 - £0.79758 then you would settle your position by selling at £0.79748. That would mean you would lose:
Profit / loss = (Settlement Level - Initial Level) x stake
Profit / loss = (£0.79748 - £0.80391) x £2 per point stake
Profit / loss = -£0.00643 x £2 per point stake
Profit / loss = -64.3 points x £2 per point stake
Profit / loss = -£128.60 loss
Note, Euro-Sterling Rolling Daily FX market taken as of 18-Sep-12.
Advert:
Euro-Sterling Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Euro-Sterling with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Euro-Sterling Spread Betting' by DB, updated 14-Jun-13
For related pages also see:
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