Complex sentence: For example if the quotation of EURUSD is 1.2025 a pip is represented by 0.0001 EUR. EURGBP has half pips, in that it is quoted to a fifth decimal place which can only be 0 or 5.
Split into simpler sentences: For example if the quotation of EUR/USD is 1.2025, a pip is represented by EUR 0.0001. EUR/GBP has half pips, in that it is quoted to a fifth decimal place which can only be 0 or 5.