What possible reasons are behind the GBP -> EUR rate being the same for a few days?
What possible reasons are behind the GBP -> EUR rate being the same for a few days?
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rath · External communityPost link
External question — Personal Finance Stack Exchange
Author: rath
Original post: https://money.stackexchange.com/questions/113431
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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The GBP -> EUR exchange rate has been stuck at a value of 1.11 since Saturday 7 of September, up from 1.10 since the day before. This seems to me highly irregular, as if all trading activity has stopped. But even without major activity there should still be some fluctuation in the price, however minor.
Is this kind of activity normal in Forex? What reasons are / could be behind it?
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nanoman · External communityPost link
External answer — Personal Finance Stack Exchange
Author: nanoman
Original post: https://money.stackexchange.com/a/113432
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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Forex markets are
closed on weekends
, so the prices are stale.
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: nanoman Source score (net votes, not local likes): 7 Original post: https://money.stackexchange.com/a/113432 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Forex markets are closed on weekends , so the prices are stale.
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