(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.77% for the last 21 sessions. At 05:08 EST on Wednesday, 31 May, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR's yearly highs and lows, it's 7.121% up from its 52-week low and 3.386% down from its 52-week high.
Volatility
GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.02%, 0.12%, and 0.26%, respectively.
GBP/EUR's highest amplitude of average volatility was 0.20% (last week), 0.24% (last month), and 0.26% (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 holds lower ground near 1.0700 as risk-on mood fades on return of full markets. According to FXStreet on Monday, 29 May, "Despite the sluggish start of the week, due to holidays in major markets, the political turmoil in Spain joined doubts about the ECB's capacity to extend its hawkish run to weigh n the EUR/USD price.", "Additionally, the last week's downward revision to Germany's first quarter (Q1) Gross Domestic Product (GDP) figures renewed recession fears in the bloc and weigh on the EUR/USD prices."
- Narrowing of the 10-year ez-us spread will be a supportive factor for eur/usd – MUFG. According to FXStreet on Monday, 29 May, "Outside of that example, EUR/USD tends to mean revert based on data back to mid-1980's."
- Eur/usd pares losses to 1.0730 on optimism for US debt deal amid quiet markets. According to FXStreet on Monday, 29 May, "Alternatively, the last week's upbeat prints of the top-tier data including Durable Goods Orders and the Core Personal Consumption Expenditure (PCE) Price Index for the said month, known as the Fed's preferred inflation gauge, underpin the hawkish Fed bets and weigh on the EUR/USD price. ", "Looking ahead, preliminary readings of the German and Eurozone inflation numbers will precede the US jobs report for May, especially the Nonfarm Payrolls (NFP), to direct the short-term EUR/USD moves. "
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