Thinking of trading EUR/GBP?
- 1. Due to the many economic events that both currencies share, traders that base their strategy on fundamental analysis can easily play the market. Also due to the symbiotic relationship of both currencies, many events will affect both currencies similarly. 2. The Euro and the British Pound have low volatility outside of market events and political news, this offers benefits to their traders due to their stability. It is known as a trending pair, as it tends to fall or rise for long periods of time with little fluctuation in the intermediate periods.
Trading CFDs involves significant risk of loss
How would you like to trade EUR/GBP?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade Euro To British Pound. Manually, Copy or Automate trading with Fondex. Choose how you'd like to trade on Fondex cTrader.
1. Traders should keep an eye out for the monthly ECB (European Central Bank) reports release, with it, investors will be able to see data provided on the economic outlook of the European Union and the levels of interest rates throughout the EU, forecasting its impact on the pair. Together with the Interest Rates data, employment figures also play a large role in the movement of the GBP/USD. 2. When it comes to the GBP's reaction to events, one of the most important would be the monetary policies by the Bank of England (BoE). GDP (Gross Domestic product) is also considered one of the most important economic indicators to the UK's overall health and should be watched by those attempting to trade the GBP/USD.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'