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GBP/EUR Bullish Momentum: 1% Up In The Last 10 Sessions

(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1% for the last 10 sessions. At 08:08 EST on Wednesday, 2 October, GBP/EUR (GBPEUR) is $1.20.

GBP/EUR’s yearly highs and lows, it’s 5.207% up from its 52-week low and 0.258% down from its 52-week high.

Volatility

GBP/EUR’s last week, last month’s, and last quarter’s current intraday variation average was 0.01%, 0.04%, and 0.20%, respectively.

GBP/EUR’s highest amplitude of average volatility was 0.21% (last week), 0.19% (last month), and 0.20% (last quarter), respectively.

News about

  • Eur/usd flat lines below mid-1.1100s ahead of eurozone cpi, US macro data. According to FXStreet on Tuesday, 1 October, "Apart from this, speeches by a slew of influential FOMC members will drive the USD demand and provide some meaningful impetus to the EUR/USD pair, which remains confined in a familiar range held over the past two weeks or so. ", "Conversely, the reaction to a higher reading is likely to remain limited amid a modest US Dollar (USD) strength, suggesting that the path of least resistance for the EUR/USD pair is to the upside."
  • According to FXStreet on Tuesday, 1 October, "The large moves in the EUR:USD short-term rate differentials are pointing to a weaker EUR/USD now. ", "All in all, barring surprise in EZ and US data, we think EUR/USD can trade back below 1.110 in the next couple of days, and test 1.100 if US unemployment doesn’t tick higher on Friday."
  • Eur/usd price forecast: flat lines below 1.1200 ahead of German consumer inflation data. According to FXStreet on Monday, 30 September, "Some follow-through buying will be seen as a fresh trigger for bulls and lift the EUR/USD pair to the 1.1275 region, or the July 2023 high. ", "The EUR/USD pair struggles to capitalize on Friday’s modest rebound from the 1.1125-1.1120 support area and kicks off the new week on a subdued note. "
  • Eur/usd posts modest gains above 1.1050, traders await US ADP report. According to FXStreet on Wednesday, 2 October, "The EUR/USD pair trades with mild gains around 1.1070 during the Asian trading hours on Wednesday. "

More news about GBP/EUR (GBPEUR).

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