Dear Greg, How can the GBPUSD go up while the EURUSD goes down? Signed, New (but Eager to Learn) Forex Trader.
October 28th, 2009
Hi Greg, I am trying to better understand the relationship between GBP/USD and EUR/USD (if there’s one that actually exists.) The market today was not “normal” I don’t think, and while I made out great trading the EUR/USD and EUR/JPY (sell), I don’t quite understand why the GBP/USD actually went up and not down. I would asssume that if the dollar is bought it would drive the GBP/USD down just as it did the EUR/USD. Would you be able to explain this a bit better? I am still learning
