By FXEmpire.com
The EUR/GBP pair fell hard during the session on Monday as the woes in Europe continue. The pair is a simple measuring of how bad the Euro really is. Granted, the British economy will be affected by troubles in the European Union, and the Brits export over 40% of their goods to the area – meaning that the slowdown in the area will hurt the British economy as well. However, the Pound is by far going to be better off in general than the Euro, and that is all that matters when it comes to trading. The 0.80 level gave way, and this could open up the way for a significant fall. We are short of this pair already, and would add to a break of the lows for the Monday session at this point.
Click here a current EUR/GBP Chart.
Originally posted here
