EUR/GBP Fundamental Analysis December 25, 2012, Forecast

Analysis and Recommendations:

The EUR/GBP is trading at 0.8172 climbing a bit today, but more moving in general market sympathies. There was no news supporting the euro or the gbp and little in news flow.

Against the euro, sterling was slightly lower at 81.58 pence per euro, not far from its recent 7-1/2 month low of 81.68. Traders said sterling has come under pressure in recent sessions on steady demand from German banks for the single currency, possibly to meet month-end euro requirements. 

A slew of weak UK data has weighed down on the pound since late last week. Weaker-than-expected retail sales, a rise in public borrowing and a sharp fall in December consumer confidence figures have all added to concerns that the economy’s performance could deteriorate in coming months. 

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 24, 2012 actual v. forecast

There were no top tier economic events on Monday as global markets closed early for the Christmas holiday. Japanese markets are closed all day for a regional holiday.

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

Global markets are closed for the Christmas Holiday; many will reopen on Wednesday while some countries are out for additional days. There is no eco data on the calendar for December 25^th. We will not print any fundamental analysis on Christmas day and will return on December 26^th. I would like to wish all of my readers an enjoyable holiday season.

Government Bond Auction

Date Time Country 

Dec 26 01:30 Japan 

Dec 27 10:10 Italy  

Dec 28 10:10 Italy