The EUR/USD currency pair unexpectedly plunged about 60 pips on Monday before the start of the U.S. session — a significant move in the current circumstances for a pair that has been moving in a "favor-doing" mode for at least one and a half months.

The GBP/USD currency pair on Friday again traded as if doing someone a favor. Over the day, the price moved 52 pips, which is very little given the inflation report publication that the market awaited even more eagerly than the European Central Bank meeting.

The EUR/USD currency pair again traded with minimal volatility and a complete lack of conviction on Friday. We again draw traders' attention to the fact that over the past one and a half months, volatility exceeded 63 pips only twice and 58 pips only four times.

The GBP/USD pair continued to move very sluggishly on Wednesday, in no hurry to go anywhere. The pound retains the same solid upside prospects as the euro, but its volatility has been as low as the euro's for the past six weeks. On average, sterling moves about 50–60 pips per day right now — very little.

The EUR/USD currency pair was again largely immobilized on Wednesday. No major macroeconomic releases hit the day, and nothing dramatic was expected from Christine Lagarde's remarks — simply because the European Central Bank meeting takes place today, and it is unlikely the president would discuss monetary policy, future plans, or the decision to be announced.