To illustrate, lines moving in 'opposite' directions, DXY and GU. Lines moving in roughly the same direction EU and GU.
GU is blue.
GU is blue.
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DislikedI have noticed recently that GU appears to have less volatility than many other pairs, appears to trade more in the opposite direction or inside of EU. It occasionally has less volatility than DXY. Not sure why. My suspicion is that the market is reacting to either more traders or at least traders trading in the same direction in GU.Ignored
BTW, these are just some potential US/UK economic issues and events that could affect the GBP/USD pair.
It's crucial to consider the combined impact of all these factors alongside the FOMC decision and UK-specific developments to make informed trading decisions
Best Wishes
pat CHIKO
Disliked{quote} eur gbp cross moving to support lately you see gbp stronger than eur gbp Goes faster and stronger on moves up. eur goes faster and stronger on moves down. The eur gbp is an important indicator to help in eventually decide if better trade the eu or the GuIgnored
Disliked{quote} I have a more difficult time getting my head around trading cross pairs. GU is blue and EURGBP is orange in this chart. GU does appear to move more if EURGBP is moving in the same direction or relatively flat. I haven't been able to visualize the up and down characteristics you indicate. {image}Ignored