The currency pair EURGBP represents one of the most traded pairs in Forex as it consists of two of the biggest economies in Europe i.e. The Euro Zone and the United Kingdom. The cross currency pair tends to be relatively stable than many other Euro or Pound based crosses. This is because the European and British economies are massively intertwined and enjoy a degree of economic proximity. Events and news following the exit of Great Britain from the European Union in 2017 will possibly affect the pair and create more unpredictable movements than usual. It has since been referred to as a "politics-dominated" pair. The Bank of England and European Central Bank, GDP and inflation are some of the factors that influence most of the moves of the EUR/GBP pair.