(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.13% for the last 10 sessions. At 13:09 EST on Friday, 30 August, GBP/EUR (GBPEUR) is $1.19.
GBP/EUR’s yearly highs and lows, it’s 4.059% up from its 52-week low and 0.478% 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 0.20%, a negative 0.01%, and a positive 0.20%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.20% (last week), 0.28% (last month), and 0.20% (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 corrects below 1.1100 as soft Spain inflation boosts ECB rate-cut bets. According to FXStreet on Thursday, 29 August, "(The story was corrected at 10:25 GMT to say in the first paragraph that " EUR/USD faces a sharp sell-off, sliding below the round-level support of 1.1100 in Thursday’s European session not 1.100)"
- According to FXStreet on Thursday, 29 August, "We see a scenario where 1.1080/1100 does hold before EUR/USD moves higher still. "
- According to FXStreet on Friday, 30 August, "After the Spanish CPI figures came in slightly below expectations, causing some temporary weakness in the Euro, the German regional CPI figures caused EUR/USD to drop below the 1.11 level. ", "If an inflation number is going to move the EUR/USD again today, it is more likely to be the euro area one."
- According to FXStreet on Wednesday, 28 August, "Indeed, if the value of EUR/USD continues its ascent, given the backdrop of moderating inflationary pressure in the Eurozone, there may be more reason for the ECB to lower rates.", "Consequently, we don’t see EUR/USD trading much higher than 1.12 in the coming months. "
- According to FXStreet on Wednesday, 28 August, "The EUR/USD drop this morning appears largely USD-driven, although admittedly the euro does look on less stable ground when considering the room for European Central Bankdovish repricing compared to the Fed’s, ING’s FX strategist Francesco Pesole notes.", "But we don’t see the conditions for the recent EUR/USD rally to be substantially unwound. "
More news about GBP/EUR (GBPEUR).
