After a volatile start to the summer (with the Brexit commotion), the EUR/GBP is slowly calming down. Volatility continues to decline. While June had a range of close to 800 pips, in July the low to high movement was only 377 pips. And this month the range dropped even lower to 279 pips. Meanwhile the open to close range is at even smaller at 45 pips. On the chart below we can see volatility declining in the EUR/GBP.
But volatility isn't everything. Currencies can continue to grind higher or lo…
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