EUR/GBP Fundamental Analysis August 27, 2012, Forecast

Posted August 24, 2012 14:23 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size
Add a comment

Category:

Fundamental Reports

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Analysis and Recommendations:

The EUR/GBP dipped after UK GDP revisions were released. The pair is trading at 0.7899 The revised UK Q2 GDP showed an improvement which had little effect on the markets. The euro declined on profit taking after 3 days of increases.

Also in the UK the Business Investment release showed a continued drop in investment in the UK.

Now that the Queens Jubilee and the Olympics are passed, economists are going to be closely looking at numbers to get the true sense of the economic situation.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data August 24, 2012 actual v. forecast

Date

Time

Currency

Importance

Event

Actual

Forecast

Previous

Aug. 24

00:30

AUD

RBA Governor Stevens Speaks