EUR/GBP Fundamental Analysis December 18, 2012, Forecast

Analysis and Recommendations:

The EUR/GBP saw the euro lose a bit of momentum with little in the way of eco data and a light news flow the pair just moved with global sentiment to trade at 0.8117 off by 0.0021. Investors will be focusing on a speech from European Central Bank President Mario Draghi, who is due to speak later today on monetary policy, for hints on whether the ECB could cut euro zone interest rates. That could weigh on the single currency against the pound.

UK data later this week may also add to expectations that the Bank of England (BoE) will hold off from more quantitative easing for the time being and help lift sterling, analysts said.

Investors will look to inflation data on Tuesday and BoE policy meeting minutes on Wednesday for clues on the chances of it authorizing more bond buying. Retail sales data is also due, on Thursday.

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 17, 2012 actual v. forecast

 

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

Government Bond Auction

Date Time Country 

Dec 18 01:30 Japan 

Dec 18 09:30 Spain 

Dec 18 10:10 Greece 

Dec 18 18:00 US 

Dec 19 18:00 US 

Dec 20 10:30 UK 

Dec 20 16:30 Italy  

Dec 20 18:00 US 

Dec 21 16:30 Italy