Trading the Pound Sterling against the Indian rupee is a very interesting proposition that carries high risks, but can be just as rewarding if done in a knowledgeable manner, backed with effective technical and fundamental analysis. The GBP is one of the oldest and most important currencies in the world, and is considered highly stable. On the other hand, the INR is one of the most important emerging currencies in the world as India is one of the fastest growing economies globally.GBP/INR's exchange rate experiences changes whenever Britain or India publish key economic data, or when the Bank of England (BOE) or the Reserve Bank of India (RBI) announces any changes to their monetary policies or interest rates. Some of the market moving economic data releases include GDP, inflation, unemployment rate, retail sales, consumer confidence, business sentiment and trade balance.In addition, this currency pair also turns volatile due to political developments taking place in Britain and India, especially elections. One of the most significant political developments that has impacted this pair in recent years is Brexit. Whenever updates about Brexit hit the news, GBP/INR experiences price action - positive developments strengthen the GBP and turn the pair bullish while roadblocks impeding progress in Brexit negotiations weaken the GBP and cause this pair to trade bearish.