This is an updated chart. Using the similar methods as before I used an engulfing candlestick to identify a suitable entry point. My entry point is 1.882, my stop loss is 33pips below the Doji which makes it 1.1828 and the target is 1% above the Doji, as I know the candlestick indicates a reversal. In the Euro-Sterling pair, the Euro is the base currency or the currency that you are buying, while the Pound is the quote currency, or the currency being sold. EUR/GBP shows traders how many Pounds are required to purchase a single Euro. So, if the price of the pair is 0.8900, this means that it costs £0.89 to buy €1. Current exchange rate BRITISH POUND (GBP) to EURO (EUR) including currency converter, buying & selling rate and historical conversion chart.