Today’s ZEW data out of Germany and the Eurozone is anticipated to move the Euro which has been under pressure against the British Pound after the Brexit Party announced it will not contest seats won by the Tories during the last election. This made Brexit under PM Johnson’s negotiated deal more likely, but how will the EURGBP be impacted after the release of today’s ZEW data? Today’s fundamental analysis will take a look at price action in both directions.

After yesterday’s UK economic data, forex traders will get employment data during today’s European trading session. Yesterday’s data showed a mixed economic picture and showed that the ongoing Brexit uncertainty is having an impact, but some bright spots started to simmer through and the UK economy may have seen the worst already. How will the EURGBP trade following the twin report in the state of the labor market? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.