I mean correlation... In laymans terms when one currency pair goes up does another one go in the opposite direction or in the same direction...
E.g GBP/USD UP -------EUR/GBP DOWN and vice versa
It does not always work like this however it is how it usually happens.
Read this
http://fxtradeinfocenter.oanda.com/c...fxcorrelations
GBP/USD and EUR/GBP are heavily correlated meaning each one affects the direction of the other.
So basically if I see a sell position on GBP/USD I would like to see a reistance or some reason to take a long on EUR/GBP.
But I can see what you said about the news
Hope it helps...