(VIANEWS) - EUR/GBP (EURGBP) has been up by 1.63% for the last 21 sessions. At 19:06 EST on Thursday, 8 August, EUR/GBP (EURGBP) is $0.86.
Eur/gbp trades above 0.8600, holds position near three-month highs
The EUR/GBP cross receives support due to the rising expectations of the Bank of England (BoE) delivering a 25-basis point rate cut at its August meeting.
EUR/GBP's yearly highs and lows, it's 2.207% up from its 52-week low and 2.27% down from its 52-week high.
Volatility
EUR/GBP's last week, last month's, and last quarter's current intraday variation average was 0.46%, 0.09%, and 0.16%, respectively.
EUR/GBP's highest amplitude of average volatility was 0.46% (last week), 0.21% (last month), and 0.16% (last quarter), respectively.
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 extends upside above 0.8550 ahead of eurozone retail sales data. According to FXStreet on Tuesday, 6 August, "The EUR/GBP cross extends the rally near 0.8575 during the early European session on Tuesday. "
- Eur/gbp rises to 13-week peaks on rebalancing pound sterling flows. According to FXStreet on Tuesday, 6 August, "Despite bad data knocking the Euro broadly lower, EUR/GBP is still rallying into multi-month highs as the Pound Sterling drops faster than markets can short the Euro."
- Eur/gbp trades with modest losses around 0.8600 mark, bears lack conviction. According to FXStreet on Wednesday, 7 August, "Apart from this, a modest technical bounce in the British Pound (GBP) contributes to capping the EUR/GBP cross, which, for now, seems to have stalled a strong rally witnessed over the past four days. ", "The EUR/GBP cross comes under some selling pressure on Wednesday and erodes a part of the previous day's strong move up back closer to a three-month peak touched earlier this week. "
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