(VIANEWS) – GBP/EUR (GBPEUR) has been up by 1.74% for the last 21 sessions. At 00:06 EST on Saturday, 16 December, GBP/EUR (GBPEUR) is $1.16.
GBP/EUR’s yearly highs and lows, it’s 4.544% up from its 52-week low and 1.096% 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 0.15%, a positive 0.05%, and a positive 0.20%, respectively.
GBP/EUR’s highest amplitude of average volatility was 0.15% (last week), 0.19% (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 overbought (>=80).
News about
- Eur/usd should stay near current levels next year – ABN amro. According to FXStreet on Wednesday, 13 December, "Therefore, we expect EUR/USD to stay in a 1.05-1.10 range waiting for another driver to present itself to cause a more directional move.", "Economists at ABN Amro expect the EUR/USD pair to hover around current levels throughout next year."
- Eur/usd: chance of moving back to 1.20 in 2024 is very slim – socgen. According to FXStreet on Wednesday, 13 December, "That will take the Fed-ECB gap to even tighter levels than was the case in 2020 when EUR/USD traded up to 1.23.", "I think the chance of EUR/USD making it back to 1.20 in 2024 is very slim indeed, but more narrowing in rate differentials than is priced in by the market seems likely and the euro will get some support from that."
- Eur/usd price analysis: retraces recent gains ahead of fed decision, hovers below 1.0800. According to FXStreet on Wednesday, 13 December, "If the pair manages to break below the latter, it could put pressure on the EUR/USD pair to navigate the four-week low at the 1.0723 level followed by the psychological support region around the 1.0700 level.", "The EUR/USD pair trades lower around 1.0790 during the Asian session on Wednesday."
- Eur/usd remains depressed below 1.0800, awaits fed ahead of ECB on Thursday. According to FXStreet on Wednesday, 13 December, "The EUR/USD pair edges lower on Wednesday, albeit manages to hold above the 100-hour Simple Moving Average (SMA) through the first half of the European session. ", "This, along with some repositioning trade ahead of the key central bank event risk, acts as a tailwind for the US Dollar (USD), which, in turn, is seen weighing on the EUR/USD pair."
- Eur/usd analysis: the dollar is preparing for the federal reserve's decisions strongly – 13 December 2023. According to DailyForex on Wednesday, 13 December, "The attempt of the EUR/USD currency pair to recover yesterday proved unsuccessful as it returned to stabilize below the psychological support of 1.0800. ", "Generally, If the Federal Reserve postpones the timing of US interest rate cuts to 2024, the EUR/USD could end the week on a negative note. "
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