GBP/USD Fundamental Analysis December 31, 2012, Forecast

Analysis and Recommendations:

The GBP/USD climbed in late trading to add 38pips at 1.6138 after holding steady most of the day. The US dollar gained earlier after positive eco data showed an increase in Pending Home Sales and Chicago PMI, but worries over the US Fiscal Cliff weakened the US dollar ahead of a meeting at the White House. Congressional Leaders from both parties were summoned by the President as he tries to push negotiations forward. There is not much economic news or data due as today is the last full trading day before the end of the year. Market focus will remain on US lawmakers.

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.

Markets will have a shortened day on Monday December 31st and most are closed on Tuesday January 1, 2013. Our analysis will be published as markets close on Monday and there will be no analysis on Tuesday. I want to wish all of my readers a happy and healthy new year. I hope you continue reading our analysis next year. 

Economic Data December 28, 2012 actual v. forecast

 

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