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EUR/GBP Fundamental Analysis October 15, 2014 Forecast

By:
Barry Norman
Updated: Aug 25, 2015, 00:00 UTC

Analysis and Recommendations: The EUR/GBP gained 2 points as both currencies were in a battle as to which call fall the most after a day of devastating

EUR/GBP Fundamental Analysis October 15, 2014 Forecast
EUR/GBP Fundamental Analysis October 15, 2014 Forecast
EUR/GBP Fundamental Analysis October 15, 2014 Forecast

Analysis and Recommendations:

The EUR/GBP gained 2 points as both currencies were in a battle as to which call fall the most after a day of devastating data. Sterling fell to a one-month low against the euro while 10-year gilt yields dropped to the lowest since June last year after UK inflation slowed more than expected, pushing back expectations of a rise in UK interest rates. UK consumer prices rose 1.2 percent on the year in September, compared with 1.5 percent in August as the prices of food and motor fuels both fell, the Office for National Statistics said.

The 18-nation shared currency dropped after reports today showed industrial production in the region slumped and a measure of German investor confidence decreased for a 10th month. The pound fell against most of its major peers as a report showed U.K. inflation dropped to a five-year low. The Swedish krona plunged after deflation worsened.

The 18-nation shared currency dropped after reports today showed industrial production in the region slumped and a measure of German investor confidence decreased for a 10th month. The pound fell against most of its major peers as a report showed U.K. inflation dropped to a five-year low. The Swedish krona plunged after deflation worsened.

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:

 

Cur.

 

Event

Actual

Forecast

Previous

 

  GBP

 

BRC Retail Sales Monitor (YoY) (

-2.1%

1.0%

1.3%

 

 

  AUD

 

NAB Business Confidence (Sep)

5

 

7

 

 

  EUR

 

French CPI (MoM) (Sep)

-0.4%

-0.3%

0.4%

 

 

  EUR

 

French HICP (MoM) (Sep)

-0.4%

-0.3%

0.5%

 

 

  EUR

 

Spanish CPI (MoM) (Sep)

0.2%

0.2%

0.2%

 

 

  EUR

 

Italian CPI (MoM) (Sep)

-0.4%

-0.3%

-0.4%

 

 

  GBP

 

CPI (MoM) (Sep)

0.0%

0.2%

0.4%

 

 

  GBP

 

CPI (YoY) (Sep)

1.2%

1.4%

1.5%

 

 

  GBP

 

PPI Input (MoM) (Sep)

-0.6%

-0.4%

-1.2%

 

 

  EUR

 

German ZEW Conditions (Oct)

3.2

18.0

25.4

 

 

  EUR

 

German ZEW Sentiment (Oct)

-3.6

1.0

6.9

 

 

  EUR

 

Industrial Production (MoM)

-1.8%

-1.6%

0.9%

 

 

  EUR

 

ZEW Economic Sentiment

4.1

7.1

14.2

 

 

EURGBP(60 minutes)20141014132358

Upcoming Economic Events that you should be monitoring:

 

Cur.

 

Event

Actual

Forecast

Previous

Wednesday, October 15

 

  CNY

 

CPI (YoY) (Sep)

 

1.7%

2.0%

 

 

  EUR

 

ECB President Draghi

 

 

 

 

 

  GBP

 

Claimant Count Change

 

-35.0K

-37.2K

 

 

  USD

 

Core Retail Sales (MoM)

 

0.3%

0.3%

 

 

  USD

 

PPI (MoM) (Sep)

 

0.1%

0.0%

 

 

  USD

 

Retail Sales (MoM)

 

-0.1%

0.6%

 

 

  EUR

 

ECB President Draghi  

 

 

   

Government Bond Auction

Date Time Country Auction

Oct 14 08:30 Spain 6 & 12M T-bill auction

Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)

Oct 15 09:03 Sweden Bond auction

Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction

Oct 16 08:30 Spain Bono/Obligacion auction

Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt

Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23

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