Dynamic in Europe as Brexit nears – now, that is interesting. Financial stability of the whole regions and more than two dozens of countries put to test. Of course, the fact that Great Britain never adopted euro as their national currencies makes the situation much better, but it doesn’t change the fact that both economies – of Great Britain and of EU – are going to take severe damage very soon.

But how does all of that anticipation reflect of EUR/GBP chart?

Well, for the joy of GBP traders, British currency found the powers to recover and grow today, so we can say that the chart is going lower at the moment. But are there any other reasons for that? Well, sure! It has been a long time since we saw at least some stimulus for European currency. To our luck, or to our despair it has been a long time since we saw any reports and information on the present state of European economy. And that, of course, is one of the reasons of why traders and investors are not so eager to invest into it.

But, there is no time to relax. British pound is still under a great deal of pressure. No one can say for sure what the reaction of British economy towards Brexit is going to be. We can only guess and be very cautious towards GBP and couples that include it.

So, are we ready to rely on trading signals when it comes to EUR/GBP trading? Well, we have to be!