(VIANEWS) – GBP/EUR (GBPEUR) has been up by 2.19% for the last 21 sessions. At 17:09 EST on Wednesday, 31 May, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 7.565% up from its 52-week low and 2.986% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.02%, 0.12%, and 0.26%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.20% (last week), 0.24% (last month), and 0.26% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/EUR’s Forex is considered to be oversold (<=20).
News about
- Eur/usd forex signal: bearish forecast as sell-off intensifies – 29 May 2023. According to DailyForex on Monday, 29 May, "The EUR/USD exchange rate retreated on Monday morning as the market reflected on the debt ceiling progress in the United States. ", "The other important EUR/USD news of the week will be the latest non-farm payrolls (NFP) data scheduled for Friday. "
- Eur/usd trades without direction near 1.0720. According to FXStreet on Monday, 29 May, "A pretty quiet start of the new trading week sees EUR/USD wobbling around the 1.0720/30 region so far.", "After bottoming out in multi-week lows just pips above the key 1.0700 mark on Friday, EUR/USD manages to regain some composure and navigates the low-1.0700s on Monday on the back of the generalized lack of direction in the global markets."
- Narrowing of the 10-year ez-us spread will be a supportive factor for eur/usd – MUFG. According to FXStreet on Monday, 29 May, "Outside of that example, EUR/USD tends to mean revert based on data back to mid-1980’s."
- Eur/usd skates on thin ice near 1.0700, eu/us consumer confidence, US default jitters in focus. According to FXStreet on Tuesday, 30 May, "Apart from that, Spanish Prime Minister (PM) Pedro Sanchez announced snap elections in July while Greek President is up for appointing a caretaker PM ahead of a repeat election on June 25, which in turn flags geopolitical fears in the bloc and weighs on the EUR/USD prices.", "Looking forward, Eurozone Consumer Confidence and the US Conference Boards’ (CB) Consumer Confidence data for May will offer immediate directions to the EUR/USD pair traders. "
- Eur/usd holds lower ground near 1.0700 as risk-on mood fades on return of full markets. According to FXStreet on Monday, 29 May, "Moving on, Eurozone Consumer Confidence and second-tier housing data from the US will join the US CB Consumer Confidence to entertain the EUR/USD traders. ", "Additionally, the last week’s downward revision to Germany’s first quarter (Q1) Gross Domestic Product (GDP) figures renewed recession fears in the bloc and weigh on the EUR/USD prices."
More news about GBP/EUR (GBPEUR).
