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MarketFX

GBP/EUR Bullish By 1% In The Last 21 Sessions

ViaNews Editorial Team

September 12, 2024

GBP/EUR Bullish By 1% In The Last 21 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.66% for the last 21 sessions. At 20:10 EST on Wednesday, 11 September, GBP/EUR (GBPEUR) is $1.18.

GBP/EUR's yearly highs and lows, it's 3.787% up from its 52-week low and 0.738% down from its 52-week high.

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 struggles to lure buyers, remains below mid-1.1000s amid modest USD uptick. According to FXStreet on Tuesday, 10 September, "This assists the Greenback in attracting some buyers for the third successive day and climbing back closer to the monthly peak touched last week, which, in turn, is seen acting as a headwind for the EUR/USD pair.", "Apart from this, the crucial ECB policy decision on Thursday will provide a fresh directional impetus to the EUR/USD pair."
  • Eur/usd dips as German inflation falls, ECB rate cut looms. According to FXStreet on Tuesday, 10 September, "The EUR/USD retreated on Tuesday after the latest inflation report in Germany, which increased the likelihood of another interest rate cut by the European Central Bank (ECB). ", "At the time of writing, the EUR/USD trades at 1.1021, virtually unchanged, as Wednesday's Asian session begins."
  • According to FXStreet on Tuesday, 10 September, "Therefore, the market will probably quickly shift its focus to the ECB meeting on Thursday and trade EUR/USD sideways for the time being."
  • According to FXStreet on Wednesday, 11 September, "The next few days will help shape the FX reaction to the debate more clearly, but we have been generally positive on EUR/USD staying supported into the US election and the rising perceived probability of Harris winning is endorsing this view.", "Looking at this week, EUR/USD will still be entirely driven by US events today as US CPI is released and markets may place more US election trades on, but tomorrow will all be about the ECB meeting. "
  • According to FXStreet on Tuesday, 10 September, "In the meantime, EUR/USD is treading water ahead of Thursday's ECB meeting. "

More news about GBP/EUR (GBPEUR).

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ForexForeign Exchange MarketCurrenciesGBPEURGBP/EURFOREX Price UpPrice UpForex Now
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.