EUR/GBP Under Pressure: Analysing the Advantages of Forex Trading Platform Zero Markets

EUR/GBP relinquishes recent advances

EUR/GBP experienced an unusual uptick on Friday amid easing tensions between Israel and Iran. Furthermore, Deputy Governor Dave Ramsden of the Bank of England expressed expectations for a significant decline in inflation towards the target in the upcoming months, signaling a dovish stance to the market.

Attempting to counter such sentiments, Chief Economist Huw Pill of the BoE emphasized the importance of maintaining a restrictive policy stance. However, he echoed Ramsden’s views, acknowledging indications of a downward shift in the persistent component of the inflation dynamic.

Following the release of PMI data, EUR/GBP encountered resistance near 0.8625 and subsequently retreated, even breaching the 200-day Simple Moving Average (SMA). A potential return to the previous channel resistance at 0.8578 is conceivable. Prices consolidated within the trading range as central bankers assessed incoming data, with the likelihood of an initial rate cut appearing distant.

Looking ahead, the European Central Bank is poised to lower rates in June, suggesting that sterling will retain its interest rate advantage, potentially leading the currency pair to test familiar support levels in the long term.

Forex trading is a high-risk, high-reward investment field that requires attention to several key points:

1. Market Understanding: Before trading, it’s essential to have a thorough understanding of how the forex market operates, including major currency pairs, economic and political factors influencing exchange rates, etc.

2. Risk Management: Due to the volatility of the forex market, strict risk control is necessary. This includes setting reasonable stop-loss and take-profit points, controlling position sizes, diversifying investments, etc.

3. Choose a Reliable Trading Platform: Selecting a regulated, reputable forex trading platform is crucial to safeguarding fund security to some extent.

4. Develop Trading Strategies: Based on your risk preferences and investment goals, develop suitable trading strategies and adhere to them rigorously. This may involve technical analysis, fundamental analysis, or other methods.

5. Emotional Control: Forex trading requires maintaining rationality and calmness. Avoid letting emotions like greed or fear influence trading decisions.

6. Continuous Learning: The forex market is constantly changing, requiring continuous learning of new knowledge and skills to keep track of the latest market trends and economic events.

7. Leverage Usage: Forex trading typically allows for high leverage, which can amplify profits but also losses. Use leverage prudently to avoid excessive risk-taking.

8. Understand Trading Costs: Forex trading involves various costs such as spreads, commissions, overnight interest, etc. Have a comprehensive understanding of these costs to avoid impacting profits.

9. Keep Records: Record details of each trade, including trading reasons, profit and loss situations, etc. Regularly review and summarize to optimize trading strategies.

10. Risk Warning: Forex trading carries high risks and may result in the loss of the entire capital. Only participate with disposable income that won’t affect normal financial conditions and life.

Whether you’re a novice or experienced trader, Zero Markets can provide suitable trading account types and services for you.

Zero Markets is a reliable, professional, user-friendly forex trading platform. Its strict regulation, favorable trading conditions, advanced trading tools, and professional customer service make it an ideal choice for forex traders.

If you’re looking for a high-quality forex trading platform, consider Zero Markets.

In conclusion, approach forex trading with caution, fully understand the risks, develop appropriate strategies, continuously learn and optimize. If not adequately prepared, it’s advisable to practice on a demo account or seek professional guidance.


ZERO Markets is a trusted broker offering CFD trading in the global market. ZERO Markets is fully regulated and licensed for your comfort and security. We offer the best trading environment with reduced spreads from 0.0 pip, latest technology platforms and instant deposit channels.

Trade Responsibly: This e-mail may contain general advice which does not take into account your individual circumstances or objectives. CFD derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors. Features of our products including fees and charges are outlined in the relevant legal documents available on our website. The legal documents should be considered before entering into transactions with us. ZERO Markets does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations. Clients receiving services in Saint Vincent and the Grenadines: Zero Markets LLC, which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 503 LLC 2020 uses the Domain Please refer to our SVG Privacy Policy. If you are not the intended recipient of this email please do not print, copy or distribute its content or attachments.

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