(VIANEWS) – EUR/GBP (EURGBP) has been up by 1.93% for the last 21 sessions. At 23:08 EST on Thursday, 16 February, EUR/GBP (EURGBP) is $0.89.
EUR/GBP’s yearly highs and lows, it’s 8.606% up from its 52-week low and 3.53% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, EUR/GBP’s Forex is considered to be oversold (<=20).
Previous days news about EUR/GBP (EURGBP)
- Eur/gbp: bearish story is running out of steam – ING. According to FXStreet on Wednesday, 15 February, "Economists at ING expect EUR/GBP to rebound towards 0.90 over the course of the year. ", "The EUR/GBP fall could extend and force a break below 0.8800, but we think the bearish story may soon run out of steam and we favour a rebound to 0.9000 over the course of 2023."
- Eur/gbp sticks to softer UK cpi-inspired gains above mid-0.8800s, sits near weekly high. According to FXStreet on Wednesday, 15 February, "The EUR/GBP cross catches aggressive bids on Wednesday and snaps a seven-day losing streak to a two-week low, around the 0.8800 mark touched the previous day. ", "Apart from this, bets for additional jumbo rate hikes by the European Central Bank (ECB) underpin the Euro and provide an additional lift to the EUR/GBP cross."
- Eur/gbp set to continue its slow rise as the UK economy stagnates – socgen. According to FXStreet on Wednesday, 15 February, "However, economists at Société Générale expect the EUR/GBP pair to advance nicely on forecasts of extended economic stagnation."
More news about EUR/GBP (EURGBP).
