EUR/GBP watch: what are you watching this week?
A standing thread for the euro-sterling cross. No dollar in the way, so the stories are European: ECB versus Bank of England, euro-area data versus UK data.
Post:
- the levels you're tracking
- which side of the Channel has the better story this week
- how the pair's range character shapes your trades
Background: cross rates explained and the EUR/GBP page.
Background: Cross rates explained: how EUR/GBP and EUR/JPY are calculated from dollar pairs
A cross rate is an exchange rate between two currencies that doesn't include the US dollar. How cross rates are derived from dollar pairs, with worked examples, and why crosses often cost more to trade.
What is a cross rate in forex?
An exchange rate between two currencies that doesn't include the US dollar, such as EUR/GBP, EUR/JPY or AUD/NZD.
How do you calculate EUR/GBP from EUR/USD and GBP/USD?
Divide EUR/USD by GBP/USD. With EUR/USD at 1.1050 and GBP/USD at 1.3000, EUR/GBP is 0.8500.
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