EUR/GBP Fundamental Analysis December 6, 2012, Forecast

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Updated: Aug 21, 2015, 00:00 UTC

Analysis and Recommendations: The EUR/GBP is trading at 0.8119 declining 13pips today after a negative read in EU retail sales weakened the euro. The

EUR/GBP Fundamental Analysis December 6, 2012, Forecast

Analysis and Recommendations:

The EUR/GBP is trading at 0.8119 declining 13pips today after a negative read in EU retail sales weakened the euro. The Autumn statement was presented today by George Osborne and then the National Statistics Bureau issued a downward revision of GDP. The pair is holding tight with both central banks meeting tomorrow.

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 5, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Dec. 05

AUD

GDP (QoQ)

0.5%

0.6%

AUD

RBA Assist Gov Lowe Speaks

GBP

Services PMI

50.2

51.1

50.6

EUR

Spanish 10-Year Obligacion Auction

5.290%

5.517%

EUR

Retail Sales (MoM)

-1.2%

-0.1%

-0.6%

PLN

Polish Interest Rate Decision

4.25%

4.25%

4.50%

RUB

Russian CPI (MoM)

0.3%

0.5%

USD

ADP Nonfarm Employment Change

118K

125K

157K

USD

Nonfarm Productivity (QoQ)

2.9%

2.7%

1.9%

USD

Unit Labor Costs (QoQ)

-1.9%

-0.9%

-0.1%

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

Date	Time	Currency	Event	Forecast	Previous
Dec. 06	08:15	CHF	CPI (MoM)		0.1%
	09:30	GBP	Trade Balance	-8.8B	-8.4B
	10:00	EUR	GDP (QoQ)	-0.1%	-0.1%
	11:00	EUR	German Factory Orders (MoM)	0.9%	-3.3%
	12:00	GBP	Interest Rate Decision	0.50%	0.50%
	12:00	GBP	BOE QE Total	375B	375B
	12:45	EUR	Interest Rate Decision	0.75%	0.75%
Dec. 07	09:30	GBP	Industrial Production (MoM)	0.7%	-1.7%
	09:30	GBP	Manufacturing Production (MoM)	-0.2%	0.1%
	09:30	GBP	Industrial Production (YoY)	-0.6%	-2.6%
	11:00	EUR	German Industrial Production (MoM)	-0.5%	-1.8%