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GBP/EUR Over 1% Up In The Last 10 Sessions

ViaNews Editorial Team

August 29, 2024

GBP/EUR Over 1% Up In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.99% for the last 10 sessions. At 10:16 EST on Thursday, 29 August, GBP/EUR (GBPEUR) is $1.19.

GBP/EUR's yearly highs and lows, it's 4.129% up from its 52-week low and 0.411% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was a positive 0.24%, a negative 0.01%, and a positive 0.19%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.24% (last week), 0.29% (last month), and 0.19% (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

  • According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don't see EUR/USD trading much higher than 1.12 in the coming months. "
  • According to FXStreet on Tuesday, 27 August, "Technically, we think EUR/USD does resemble a coiled spring and that a move above 1.12 could trigger some strong follow-through buying as the speculative community sniffs out a new trend. ", "And after a strong rallysince early August, it looks like EUR/USD could be due some consolidation. "
  • According to FXStreet on Wednesday, 28 August, "That could argue for EUR/USD above 1.12but the softer risk environment is favouring some profit-taking, and there may be some speculation that some rewidening in that rate differential is due.", "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed's, ING's FX strategist Francesco Pesole notes."
  • Eur/usd price forecast: bounces-off key support near 1.1110 ahead of German/ US data. According to FXStreet on Thursday, 29 August, "From a short-term technical perspective, the EUR/USD uptrend remains intact so long as the 1.1107 support holds. "
  • According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "

More news about GBP/EUR (GBPEUR).

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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