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GBP/EUR Is 1% Up In The Last 21 Sessions

ViaNews Editorial Team

January 30, 2024

GBP/EUR Is 1% Up In The Last 21 Sessions
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(VIANEWS) - GBP/EUR (GBPEUR) has been up by 1.54% for the last 21 sessions. At 18:06 EST on Tuesday, 30 January, GBP/EUR (GBPEUR) is $1.17.

GBP/EUR's yearly highs and lows, it's 5.128% up from its 52-week low and 0.544% down from its 52-week high.

Volatility

GBP/EUR's last week, last month's, and last quarter's current intraday variation average was 0.06%, 0.09%, and 0.17%, respectively.

GBP/EUR's highest amplitude of average volatility was 0.09% (last week), 0.16% (last month), and 0.17% (last quarter), respectively.

News about

  • According to FXStreet on Monday, 29 January, "Another firm session of the Greenback put the risk complex under further pressure, sending the USD Index (DXY) to flirt with the upper end of the recent range and EUR/USD to the sub-1.0800 region, all amidst the emergence of usual pre-FOMC cautiousness."
  • According to FXStreet on Tuesday, 30 January, "We retain a 1.0800 EUR/USD target for the end of the first quarter but expect a clearer upside path to develop through the second quarter once the first Fed cut looks imminent."
  • Eur/usd should stay soft barring a big fall in US jolts data – ING. According to FXStreet on Tuesday, 30 January, "But barring a sharp fall in the US Job Openings and Labor Turnover Survey (JOLTS) figure today, it looks like EUR/USD will continue to trade on the heavy side."
  • Eur/usd weekly forecast: incremental trend lower persists as traders fret - 28 January 2024. According to DailyForex on Sunday, 28 January, "The currency pair may appear oversold, but the current price range of the EUR/USD may be seen as fair market equilibrium for the time being. ", "Speculators should not be surprised if the EUR/USD touches the 1.08100 to 1.07950 marks below as lower support levels."
  • Eur/usd remains under pressure below 1.0850, German GDP data eyed. According to FXStreet on Monday, 29 January, "This, in turn, might exert some selling on 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.