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The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, represents an instrument through which traders can express their views of the relative potentials of the economies of Europe and the United Kingdom. Of course, FX traders are not only trading future realities but also (and perhaps more importantly) current market perceptions of currently unverifiable future realities.
Earlier this year, in March 2020, we saw EUR/GBP breach the top of its prevailing trading range (see the chart below, which uses weekly candlesticks). The 0.9324 level, previously found