EUR/GBP Fundamental Forecast – February 4, 2016

Analysis and Recommendations:

The EUR/GBP rebounded on Wednesday after early weakness. The catalyst behind the rally was weaker equity markets. Earlier in the session, the EUR/GBP was under pressure because of a stronger than expected UK Markit Services PMI report.

The report showed that the U.K.’s service sector posted a solid gain in January, coming in at 55.6 versus an estimate of 55.3.

Trading volume was light ahead of the release of the latest monetary policy statement by the Bank of England.

FxEmpire provides in-depth analysis for each asset 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, which covers the current week and are published by Sunday before the new week begins. Daily we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole.

Today’s economic releases:

Upcoming Economic Events that you should be monitoring:

Thursday, February 4, 2016

 Government Bond Auctions

Date Time and Country

Feb 03 11:03 Sweden Holds bond auction

Feb 03 11:30 Germany EUR 5bn Apr 2021 Bobl

Feb 03 n/a Netherlands Details of DSL auction on Feb 09

Feb 03 n/a US Details of 3 & 10-yr notes on Feb 09/10

Feb 03 n/a US Details of 30-year bond auction on Feb 11

Feb 04 11:50 France Holds bond auction

Feb 04 17:20 Sweden Details of I/L bond auction on Feb 11