How long will it take for the ECB to roll out more stimulus and what form will it take during the next round of quantitative easing? The Eurozone economy continues to struggle, led by its export engine Germany, and the ECB has noted that governments need to step in and help the central bank stimulate the economy. Germany has so far refused to change its constitution in order to allow more spending and claims there is no economic crisis which warrants this. Who will cave in first? The EURGBP has started to descend as Brexit is approaching and the woes of the Eurozone trump those of the potential of a no-deal Brexit. Should forex traders seek to add to short-positions in this currency pair? Today’s fundamental analysis will take a look at price action and explore its downside potential and weigh its upside risk.

While forex traders will get a triple dose of Eurozone confidence data this morning, British Pound traders will digest the a contraction in the BRC Shop Price Index for August and expect a small rise in nationwide house prices after mortgage approvals beat expectations yesterday. Opposition parties in Parliament try to form a strong enough opposition to force a delay of Brexit as Nigel Farage pledges his support to PM Johnson if he pushes through a no-deal Brexit. How will this impact the British Pound moving forward, can the sell-off in the EURGBP extend further to the downside? Subscribe to the PaxForex Daily Fundamental Analysis and take the profitable side of this currency pair!