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GBP/EUR Bullish Momentum: 0.95% Up In The Last 10 Sessions

ViaNews Editorial Team

February 20, 2023

GBP/EUR Bullish Momentum: 0.95% Up In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.95% for the last 10 sessions. At 08:06 EST on Monday, 20 February, GBP/EUR (GBPEUR) is $1.13.

GBP/EUR's yearly highs and lows, it's 4.189% up from its 52-week low and 7.565% 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 0.17%, a negative 0.01%, and a positive 0.32%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.17% (last week), 0.36% (last month), and 0.32% (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 overbought (>=80).

News about

  • Usd/jpy prints mild gains above 134.00 as sour sentiment, fed concerns joins firmer yields. According to FXStreet on Monday, 20 February, "Looking forward, Japan's National Core Inflation numbers will join the second reading of the US fourth quarter (Q4) Gross Domestic Product to direct immediate USD/JPY moves. ", "USD/JPY pair's successful trading above the 200-day Exponential Moving Average (EMA), around 133.80 by the press time, keeps USD/JPY buyers to aim for December 2022 peak surrounding 138.20."
  • Usd/jpy consolidates in a narrow range, manages to hold above 134.00 mark. According to FXStreet on Monday, 20 February, "In the meantime, relatively lighter trading volumes on the back of the Presidents' Day holiday in the US, could lead to an extension of the USD/JPY pair's range-bound price action on Monday. ", "This, in turn, is holding back traders from placing aggressive bets around the USD/JPY pair ahead of the FOMC monetary policy meeting minutes, due for release on Wednesday. "
  • Hints of a change to boj's ultra-dovish monetary policy could see usd/jpy sell off again – ING. According to FXStreet on Monday, 20 February, "Hints of change to the BoJ's ultra-dovish monetary policy could pummel the USD/JPY pair, economists at ING r eport.", "Any hints of a change to the BoJ's ultra-dovish monetary policy could see USD/JPY sell off again - dragging the broader Dollar with it."

More news about GBP/EUR (GBPEUR).

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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