EUR/GBP Fundamental Analysis – November 30, 2015 – Forecast

Analysis and Recommendations:

The EUR/GBP added 12 points to trade at 0.7038 as the pound dipped today after Home Prices declined, and seemed to show little response to UK GDP which met expectations. The euro was the least of the two loses helped by a bit of better German data. Upcoming stimulus from the ECB seems priced into the markets already.

Growth in UK house prices slowed slightly in November, according to the latest survey from the Nationwide. Prices were 3.7% higher than a year earlier, the building society said, down from 3.9% in October. House prices rose by 0.1% in November from the previous month, and the average property now costs £196,305.

Nationwide said the annual rate of house price growth for the past few months had been broadly in line with earnings growth over the longer term.

“While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasing demand,” said Nationwide chief economist Robert Gardner.

The UK economy grew by 0.5% in the third quarter of 2015. That’s a slowdown from the 0.7% expansion recorded in April-June, and bang-in-line with the initial estimate.

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:

 

Upcoming Economic Events that you should be monitoring:

Monday, November 30, 2015

Government Bond Auctions

Date Time Country

Nov 30 11:03 Sweden Holds bond auction

Dec 01 11:30 UK 1.5% 2021 Gilt auction

Dec 02 16:30 Sweden Announces details of Bond on 11 Dec

Dec 03 10:30 Spain Auctions

Dec 03 10:50 France Auctions OATs

Dec 03 11:03 Sweden Holds I/L bond auction

Dec 04 11:03 Sweden Holds I/L bond auction