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GBP/EUR Bullish Momentum: 0.93% Up In The Last 10 Sessions

ViaNews Editorial Team

January 14, 2024

GBP/EUR Bullish Momentum: 0.93% Up In The Last 10 Sessions
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(VIANEWS) - GBP/EUR (GBPEUR) has been up by 0.93% for the last 10 sessions. At 17:07 EST on Sunday, 14 January, GBP/EUR (GBPEUR) is $1.16.

GBP/EUR's yearly highs and lows, it's 4.499% up from its 52-week low and 1.138% down from its 52-week high.

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

  • According to FXStreet on Friday, 12 January, "This, in turn, is seen weighing on the Greenback and exerting some follow-through pressure on the USD/JPY pair, though expectations that the Bank of Japan (BoJ) will stick to its dovish stance should limit losses.", "Traders now look to the US Producer Price Index (PPI), which along with Minneapolis Fed President Neel Kashkari's scheduled speech, might influence the USD price dynamics and provide some impetus to the USD/JPY 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.