It used to be the case that retail currency traders were limited to trading Forex Exchanges. Forex is still the most popular platform for currency pairings but retail traders are increasingly moving to binary options as their preferred medium to drive high profits. The EUR-GBP currency pair relationship is frequently featured on binary options trading platforms.
EUR GBP currency pair
Britain chose to join the European Union but not the Euro currency. Ever since then there have been interesting trading opportunities between the two currencies. The British economy is intrinsically linked to that of the Eurozone by nature of its proximity, trade relationships and shared Euro politics. However, it is a unique economy based largely on Financial Services and very distinct from the diversity of the Eurozone.
The Eurozone is a blend of strong and weaker economies, numbering 23 countries. Germany, Holland and to a certain extent France help support the lesser economies. Problems with Italy, Spain, Portugal, Ireland and Greece have been the defining characteristic of Eurozone policy and productivity over recent years. The Zone has experienced a great deal of uncertainty and it seems requires strong leadership in order to pull together the conflicting demands of such a diverse region.