[Market Performance]: The overall performance of European stock markets, as GB00BN0TP245 invests in European equities, significantly impacts its price.

[Fund Management]: The fund manager's investment decisions, stock selection, and portfolio allocation directly influence returns and consequently, the fund's price.

[Economic Factors]: European economic indicators like GDP growth, inflation, interest rates, and unemployment affect company profitability and investor sentiment, thereby impacting the fund.

[Sector Performance]: The performance of specific sectors that constitute a significant portion of the fund's holdings will directly affect its price.

[Currency Fluctuations]: Changes in the value of the Euro against other currencies, particularly the British Pound, affect the fund's returns when expressed in GBP.

[Investor Sentiment]: General investor confidence or pessimism towards European equities can drive demand for the fund, impacting its price.

[Fund Flows]: Inflows and outflows of money into and out of the fund can influence its price, as the fund manager may need to buy or sell assets.

[Company Specific News]: Significant news related to individual companies held within the fund can affect their stock prices, which in turn affects the fund's price.

[Political Events]: Political instability, elections, or regulatory changes in Europe can create uncertainty and affect investor confidence, impacting the fund's price.

[Interest Rates]: Rising interest rates can make bonds more attractive than stocks, potentially reducing demand for equity funds like GB00BN0TP245.

[Geopolitical Risks]: Events like trade wars, international conflicts, or pandemics can significantly affect global markets and the fund's price.