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MarketFX

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

ViaNews Editorial Team

October 2, 2024

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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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.