EUR/GBP Fundamental Analysis May 20, 2013 Forecast

Analysis and Recommendations:

The EUR/GBP traded fairly flat at 0.8433 moving a few pips up and down with no conviction. News flow has been light, with no market reaction to the BoE’s Weale’s speech; which highlighted that “the failure to damp sufficiently any new shock pushing up on inflation would result in inflation expectations becoming more entrenched. Next week’s CPI, BoE minutes and retail sales will be important inputs for GBP traders.

The same holds true for the euro, there was no news and virtually no eco data to support the currency. Next week’s highlights include the May estimates of PMI, which will provide an updated view on the economic backdrop, a speech by President Draghi and Chair Bernanke’s testimony to the joint economic committee.

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 May 17, 2013 actual v. forecast

 

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