(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.73% for the last 21 sessions. At 12:07 EST on Wednesday, 17 May, GBP/EUR (GBPEUR) is $1.15.
GBP/EUR’s yearly highs and lows, it’s 6.529% up from its 52-week low and 3.92% 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 0.05%, a positive 0.14%, and a positive 0.27%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.24% (last week), 0.26% (last month), and 0.27% (last quarter), respectively.
News about
- Eur/usd: break below 1.0800/1.00730 to hasten a retracement toward 1.05 – socgen. According to FXStreet on Monday, 15 May, "Economists at Société Générale expect EUR/USD to plummet toward 1.05 on a break under 1.0800/1.0730.", "The realignment of EUR/USD with bond spreads has run its course and hedge funds maintain their long position last week at 22.5% of OI, so the profit-taking looks tactical and does not suggest a more fundamental shift is afoot."
- Eur/usd price analysis: grinds higher within falling wedge, 1.0940 is the key hurdle. According to FXStreet on Tuesday, 16 May, "Alternatively, the aforementioned wedge’s lower line, close to 1.0830, may join the nearly oversold RSI (14) line to restrict the short-term EUR/USD downside.", "Following that, the mid-March swing high of 1.0760 will be in the spotlight as a break of which could give control to the EUR/USD bears."
- Eur/usd: potential for further gains is limited – crédit agricole. According to FXStreet on Monday, 15 May, "In the view of economists at Crédit Agricole EUR/USD is overbought and vulnerable.", "In addition, FX investors have seemingly already built considerable EUR/USD long positions in recent months, potentially limiting further gains."
- Eur/usd bulls eye 1.0900 amid US default woes ahead of eurozone gdp, US retail sales. According to FXStreet on Tuesday, 16 May, "The same joins the downbeat signals from the US inflation numbers flashed the last week, as well as justifying the Federal Reserve’s (Fed) dovish hike, to weigh on the US Dollar and propel the EUR/USD price.", "Above all, the US policymakers’ ability to offer a positive surprise to the markets, via either a strong solution to avoid the default or a basic guide to extend the debt ceiling, becomes needed for the EUR/USD bulls."
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