EUR/GBP Fundamental Analysis December 13, 2012 Forecast

Analysis and Recommendations:

The EUR/GBP is trading at 0.8078 adding a few pips as positive sentiment and a weakened US dollar helped the euro gain momentum, while the GBP got some positive jobs data today, limiting the strength of the euro. Sterling dipped against the euro, with the shared currency gaining after a stronger-than-expected German sentiment survey spurred some optimism among investors.

The pound rose against the dollar however, with some investors speculating the Federal Reserve could signal more aggressive monetary easing at its latest policy meeting that ends later today..

The German ZEW survey of sentiment in the euro’s zone largest economy rose sharply in December to enter positive territory for the first time since May. That helped push the euro up 0.3 percent against the pound to a session high of 80.77 pence. It recovered from a near three-week low of 80.35 pence hit on Monday after investors were unsettled by Italian Prime Minister Mario Monti’s surprise decision to resign early.

Some strategists said the pound could be vulnerable to more selling on concerns about weakness in the UK economy.

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 December 12, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 13 01:30 Japan 

Dec 13 09:30 Spain 

Dec 13 10:10 Italy  

Dec 13 10:30 UK 

Dec 13 16:00 US 

Dec 13 18:00 US 

Dec 14 11:00 Belgium 

Dec 14 15:30 UK