Today is going to be an interesting day to trade EUR/GBP couple. Even though it is not necessarily someone’s first choice, it is going to be a hard day for both of the currencies and we have to look out for rapid changes in it. Reports and important news about both of the European currencies were flooding our news last week, and it seem that this pace is not going to die out today as well. Today both of them are going to be very volatile, although one of them is going to maintain the growth and one of them is very likely to lose price.

Euro got a pretty good boost last week with risk hunger growing and traders wanting to invest into a risky asset. Plus, the attention was tied to the region because of the elections in the UK and their very important role in the future of Brexit. These elections were the driving force behind a superb growth for GBP as well. In the end of last week GBP surged by as much as 2 percent against the greenback. And that was a very pleasant surprise. And, seeing that right now the chart for EUR/GBP couple is falling, GBP is winning the battle.

But, here is what is waiting for the currencies today.

Not bad, right? So much of everything! Knowing what reaction euro and its traders tend to have towards German economic data. I would say that the chart has the perfect possibility to fall further and further today, as euro is really unlikely to start growing at the same pace as pound for today.

In order to understand and know more about the situation, use our trading signals.