EUR/GBP Fundamental Analysis September 26, 2012 Forecast

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Analysis and Recommendations:

The EUR/GBP  at 1200GMT was exchanging at 0.7967, as the GBP remained strong against a weakened euro.

The euro remained weak today, on worries about Spain and rumor of new legal issues facing the ECB bond program. Spanish yields moved up today, on legal rumors while in the UK, good news made it to the markets. It seems that the BoE program announced a month ago for housing lending, has stimulated the real estate market with BBA Mortgage Approvals printing well above forecast.

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 September 25, 2012 actual v. forecast

Date

 

Currency

 

 

Event

Actual

 

Forecast

 

Previous

 

 

Sep. 25

 

AUD

 

 

RBA Financial Stability Review 

 

 

 

 

 

 

 

 

 

EUR

 

 

GfK German Consumer Climate 

5.9

 

5.9 

 

5.9 

 

 

 

 

PLN

 

 

Polish Unemployment Rate 

12.40%

 

12.30% 

 

12.30% 

 

 

 

 

GBP

 

 

BBA Mortgage Approvals 

30.5K

 

28.6K 

 

28.8K 

   

 

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Forecast

Previous

Sep. 26

01:00

EUR

German CPI (MoM) 

-0.1%

0.4%

 

01:00

EUR

German CPI (YoY) 

2.0%

2.1%

 

11:00

GBP

CBI Distributive Trades Survey 

5

-3

Sep. 27 

08:55

EUR

German Unemployment Rate 

6.8%

6.8%

 

08:55

EUR

German Unemployment Change 

10K

9K

 

09:30

GBP

Current Account 

-12.4B

-11.2B

 

09:30

GBP

GDP (QoQ) 

-0.5%

-0.5%

 

09:30

GBP

GDP (YoY) 

-0.5%

-0.5%

 Sep. 28 

07:45

EUR

French Consumer Spending (MoM) 

-0.2%

0.1%

 

08:00

CHF

KOF Leading Indicators 

1.55

1.57

Government Bond Auction

Date Time Country 

Sep 26 09:10 Italy  

Sep 26 09:10 Sweden 

Sep 26 09:00 Germany 

Sep 26 14:30 Sweden 

Sep 26 17:00 US 

Sep 27 00:30 Japan 

Sep 27 09:10 Italy  

Sep 27 17:00 US

 

 

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About: FX Empire Analyst - Barry Norman

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