Cross Currency Trading
Whenever the U.S. Dollar is not included in the currencies being exchanged, the trade is considered a cross currency pair; this is why EUR/GBP is considered a cross currency trade.
The British pound (GBP) and the Euro (EUR) are both a huge contributor in the world economy, and is used in many business transaction in many countries, that’s why these two currencies are considered as major currencies. The EUR/GBP pair is known for having a high resistance to volatility in the market. Even though this pair is resistant to rising and falling trends and tends to avoid sudden significant changes the pair is only the eight most traded currency pair in the foreign exchange market.
The EUR/GBP is a great currency pair to trade in because as mentioned above, it cannot be immediately be affected by market trend so sudden spikes and drops in currency price is not most likely going to happen, so trading in this currency pair will be a great addition to your trading portfolio as it is a challenging yet great way to increase your profit.