(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.23% for the last 10 sessions. At 17:09 EST on Friday, 5 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 5.984% up from its 52-week low and 4.412% down from its 52-week high.
Volatility
GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.42%, 0.07%, and 0.28%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.42% (last week), 0.24% (last month), and 0.28% (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 bulls approach 1.1055 even as banking woes, mixed inflation prod fed, ECB hawks. According to FXStreet on Wednesday, 3 May, "A clear bounce off the 21-DMA support, around 1.0970 by the press time, followed by an upside break of the one-week-old previous resistance line, now nearby support around 1.0990, keeps the EUR/USD pair buyers hopeful. ", "Looking forward, EUR/USD pair traders should pay attention to the risk catalysts and the US ADP Employment Change for April, as well as the ISM Services PMI for the said month, for clear directions. "
- Risks in eur/usd are pointing to the downside – commerzbank. According to FXStreet on Wednesday, 3 May, "Economists at Commerzbank analyze how the US Dollar and the EUR/USD pair could react to the Fed policy announcement.", "As we consider it to be unlikely that the Fed will signal a rate pause at this stage, the risks in EUR/USD as a result of today’s Fed meeting are therefore rather pointing to the downside."
- Eur/usd to pull back to the 1.0900 mark as a result of combined effect of the FOMC and the ECB impact – ING. According to FXStreet on Wednesday, 3 May, "Economists at ING assess the impact on the EUR/USD pairof the combination of both the Fed (Wednesday) and the ECB (Thursday) policy announcements.", "We see room for EUR/USD to pull back to the 1.0900 mark as a result of the combined effect of the FOMC and the ECB impact."
- Eur/usd rebounds after hitting weekly low, ahead of fed and ECB policy decisions. According to FXStreet on Wednesday, 3 May, "At the time of writing, the EUR/USD is trading around 1.1050, above its opening price by 0.44%.", "Wall Street is trading with gains, though lower US Treasury bond yields undermined the US Dollar (USD), hence the EUR/USD advanced."
More news about GBP/EUR (GBPEUR).
