A really nice day for the Pound, with the UK currency rocketing higher.
What's going to be with EURUSD here? Lots of chop and no decision just yet.
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The Euro cross with the Great Brtish Pound (EUR/GBP) currency pair is a popular exchange rate as it is a cross between the two largest economies in Europe. The Eurozone and United Kingdom are both highly sophisticated and diversified economies and there is a lot of trade between the two economies. Historically, this is a rate that has been more stable than other Euro or Sterling crosses given the relationship between the two economies, although the UK's vote to exit the EU in 2016 could make this more volatile going forward.
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