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

ViaNews Editorial Team

August 22, 2023

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

(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.17% for the last 10 sessions. At 06:09 EST on Tuesday, 22 August, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 8.397% up from its 52-week low and 1.43% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.19%, 0.08%, and 0.26%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.23% (last week), 0.25% (last month), and 0.26% (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 signal: looking to sort itself out - 21 August 2023. According to DailyForex on Monday, 21 August, "Potential signal: The EUR/USD is testing a major support level and the bottom of the channel. "
  • Eur/usd faces a solid support around 1.0830 – UOB. According to FXStreet on Monday, 21 August, "UOB Group's Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note further downside in EUR/USD is likely to meet s decent support near 1.0830."
  • Eur/usd moves away from multi-week low set on Friday, lacks bullish conviction. According to FXStreet on Monday, 21 August, "The US Dollar (USD) kicks off the new week on a subdued note and consolidates its recent gains to its highest level since July 12, which, in turn, is seen as a key factor lending some support to the EUR/USD pair. ", "Apart from this, speculations that the European Central Bank (ECB) will halt its streak of nine consecutive rate hikes in September might further contribute to keeping a lid on the EUR/USD pair. "
  • Eur/usd recovers some lost ground near 1.0880 ahead of German PPI. According to FXStreet on Monday, 21 August, "The EUR/USD pair gains modest ground around the 1.0880 mark heading into the European session on Monday. ", "This event could trigger volatility in the market and give a clear direction to the EUR/USD pair."

More news about GBP/EUR (GBPEUR).

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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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