This is a minor pair because it does not include the US dollar. It is made up of the Euro and the British pound.
The close link, geographically and due to strong trade arrangements between Europe and the UK, makes this a difficult pair to predict.
The run up to the UK’s departure from the EU has caused a highly volatile price for EUR/GBP.
Further factors to monitor include interest rates set by the Bank of England and the European Central Bank.
Many traders choose to use a dedicated and specialist broker to assist them in their forex trading. But how do you know which is the best broker?
Just because a broker is highly regarded in a specific currency pair, how do you know that they are the best brokers for trading EUR/GBP?
Before you make any investment, you must do your research. You need to feel confident that you are choosing the right forex broker for your needs.
This may depend on your experience in forex trading, your available budget, your expectations of customer service and whether your funds are fully protected.