EUR/GBP Fundamental Analysis December 19, 2012, Forecast

By:

Updated: Aug 21, 2015, 01:00 UTC

Analysis and Recommendations: The EUR/GBP is trading at 0.8134 as the euro was able to gather momentum against the pound. Both currencies climbed against

EUR/GBP Fundamental Analysis December 19, 2012, Forecast

Analysis and Recommendations:

The EUR/GBP is trading at 0.8134 as the euro was able to gather momentum against the pound. Both currencies climbed against the US dollar today but against each other the euro was the stronger, even though the pound had supporting eco data to help its momentum.

The euro climbed as the US dollar dipped on positive news from the US as lawmakers and the president seemed to make headway and are in honest negotiations and rumor has it that a deal and vote might be reached before the end of the week.

Investors will look to Bank of England policy meeting minutes tomorrow for clues on the chances of UK policymakers authorizing more bond buying. Quantitative easing is usually negative for a currency as it increases its supply.

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 18, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Dec. 18

AUD

Monetary Policy Meeting Minutes

INR

Indian Interest Rate Decision

8.00%

8.00%

SEK

Swedish Interest Rate Decision

1.00%

1.00%

1.25%

GBP

Core CPI (YoY)

2.6%

2.7%

2.6%

GBP

CPI (YoY)

2.7%

2.6%

2.7%

GBP

PPI Input (MoM)

0.1%

-0.1%

0.1%

GBP

CPI (MoM)

0.2%

0.2%

0.5%

GBP

PPI Input (YoY)

-0.3%

-0.5%

0.1%

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 19	09:00	EUR	German Ifo Business Climate Index	102.0	101.4
	09:00	EUR	German Current Assessment	108.0	108.1
	09:00	EUR	German Business Expectations	96.3	95.2
	11:00	GBP	CBI Distributive Trades Survey	25	33
	13:30	USD	Building Permits	0.875M	0.868M
	13:30	USD	Housing Starts	0.870M	0.894M
Dec. 20	09:30	GBP	Retail Sales (MoM)	0.3%	-0.8%
	09:30	GBP	Retail Sales (YoY)	1.5%	0.6%
Dec. 21	07:00	EUR	GfK German Consumer Climate	5.9	5.9
	09:30	GBP	Current Account	-14.0B	-20.8B
	09:30	GBP	GDP (QoQ)	1.0%	1.0%
	09:30	GBP	GDP (YoY)	-0.1%	-0.1%