EUR/GBP Fundamental Analysis, June 03, 2015 – Forecast

Analysis and Recommendations:

The EUR/GBP added 55 points after rumors surface of a final draft agreement between the parties. The pound was also strong on a better than expected construction PMI report. Greece will make a 300 million-euro payment to the International Monetary Fund due on Friday it reaches a deal with its lenders by then, even if aid is not disbursed in time, a Greek government official said on Tuesday. The June 5 payment is the first of four this month totaling 1.6 billion euros. Athens, which depends on foreign aid to stay afloat, has said it may not be able to pay the IMF without new loans from its European and IMF creditors.

The pair climbed to 0.7244 as the reality of a Greek settlement floated in the markets.

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.

Today’s economic releases actual vs. forecast:

 

Upcoming Economic Events that you should be monitoring:

Wednesday, June 03, 2015

Government Bond Auctions

Date Time Country

Jun 02 11:30 UK Gbp 3.25bn 2% Sep 2025 Conventional Gilt

Jun 03 11:03 Sweden Sek 2bn 3.5% Jun 2022 & Sek 2bn 1.5% Nov 2023 bonds

Jun 03 11:10 Swiss Holds bond auction

Jun 03 11:30 Germany Eur 3bn 0.0% Apr 2020

Jun 04 11:10 France Eur 8-9bn 1.75% May 2023

Jun 04 11:30 UK Gbp 750mn 4.25% 2055 mini-Gilt tender

Jun 08 12:00 Norway Details bond auction on 10 Jun

Jun 08 17:30 Italy Announces details of BTP/CCTeu on 11 June

Jun 09 11:10 Austria Holds RAGB bond sale

Jun 09 11:30 UK Auctions 0.125% 2024 I/L Gilt

Jun 10 11:15 Norway Holds bond auction

Jun 10 11:30 Germany Eur 5bn Jun 2017 Schatz

Jun 10 16:30 Sweden Details bond auction on 17 June

Jun 11 11:30 Spain Auctions Bonos

Jun 11 11:10 Italy Auctions BTPs/CCTeus

Jun 11 11:10 Sweden Holds inflation-linked bond auction

Jun 11 11:30 UK Auctions 3.5% 2045 Conventional Gilt

Jun 11 17:00 US Announces details of 30-year TIPs sale on 18 Jun