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General TradingE
European Union (EU)
The European Union (EU) is a political and economic union of 27 European member states that operates an internal single market. Its trade policies, regulations, and economic data significantly influence forex markets, especially the euro.
Example
“When the UK voted to leave the EU in June 2016, the GBP/USD pair crashed over 10% overnight as traders scrambled to price in the economic uncertainty of Brexit.”