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GBP/EUR Drops By 1% In The Last 10 Sessions

ViaNews Editorial Team

December 21, 2023

GBP/EUR Drops By 1% In The Last 10 Sessions

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.05% for the last 10 sessions. At 14:07 EST on Thursday, 21 December, GBP/EUR (GBPEUR) is $1.15.

GBP/EUR's yearly highs and lows, it's 3.637% up from its 52-week low and 1.954% 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 negative 0.01%, a positive 0.07%, and a positive 0.19%, respectively.

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

News about

  • Eur/usd remains capped under the 1.1000 barrier, focus on German PPI data. According to FXStreet on Wednesday, 20 December, "The EUR/USD pair trades with mild losses and remains capped under the 1.1000 psychological mark during the early Asian trading hours on Wednesday. ", "This, in turn, might cap the upside of the Euro (EUR) and act as a headwind for the EUR/USD pair. "
  • Eur/usd price analysis: treads water around 1.0920 ahead of eurozone HICP data. According to FXStreet on Tuesday, 19 December, "However, the technical indicators for the EUR/USD pair suggest a favorable upward trend. ", "Should there be a decisive break below the latter, it might intensify bearish pressure on the EUR/USD pair, leading to a potential move towards the psychological area surrounding the 38.2% Fibonacci retracement at 1.0801."
  • Eur/usd looking for 1.1000 as risk appetite shrugs off eurozone HICP inflation miss. According to FXStreet on Tuesday, 19 December, "The EUR/USD is drifting towards the 1.1000 major handle once more after failing to capture the key technical level last week. ", "Friday's pullback after a failed run at the 1.1000 major price level saw the pair hesitate back into the 1.0900 region, but this week sees the EUR/USD grinding higher once more."
  • Eur/usd: unlikely to move back above the 1.10 mark this year – commerzbank. According to FXStreet on Tuesday, 19 December, "However, it is unlikely to be sufficient to push EUR/USD back above the 1.10 mark again and keep it there. ", "Antje Praefcke,FX Analyst at Commerzbank, does not expect substantial moves in EUR/USD over the coming days."
  • Eur/usd hovers around 1.0920, eyes on eurozone hicp, US housing data. According to FXStreet on Tuesday, 19 December, "The EUR/USD pair hovers around 1.0920 during the early Asian trading hours on Tuesday. ", "The worsening economic condition in Germany might cap the upside of the Euro (EUR) and act as a headwind for the EUR/USD pair. "

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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