GBP/USD Fundamental Analysis October 14, 2014 Forecast

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Updated: Aug 25, 2015, 00:00 UTC

Analysis and Recommendations: The GBP/USD recovered 32 points to trade at 1.6106 today adding 0.20% as the US dollar eased on a day with little economic

GBP/USD Fundamental Analysis October 14, 2014 Forecast

Analysis and Recommendations:

The GBP/USD recovered 32 points to trade at 1.6106 today adding 0.20% as the US dollar eased on a day with little economic data. Attention in the UK was on comments from Bank of England Governor Carney. The International Monetary Fund (IMF) has stated that the British economy is on track to outpace every other country within the Group of Seven (G7) developed nations – a pocket of positivity after recent weakening data. Bankers’ behavior still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He said that top executives had “got away without sanction”.

“Maybe they were not at the best tables in society after that, but they’re still at the best golf courses. That has to change,” he said. Mr Carney was speaking at the International Monetary Fund’s annual meeting in Washington. The governor’s warning comes amid a radical reshape of the industry aimed at limiting the impact of any future bank collapses.

Banks will have to ensure retail customers’ deposits are protected and kept separate from their investment arms by the start of 2019.

There has been intense speculation over when the Bank will start to raise rates again.

Markets are expecting an increase sometime in the new year, although some commentators think it could be later this year as the Bank may not want to raise rates close to a general election, scheduled for May 2015.

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
	Holiday	Japan – Health-Sports Day
	Holiday	Canada – Thanksgiving Day
CNY		Exports (YoY) (Sep)	15.3%	11.8%	9.4%
CNY		Imports (YoY) (Sep)	7.0%	-2.7%	-2.4%
CNY		Trade Balance (Sep)	31.00B	41.00B	49.83B

Upcoming Economic Events that you should be monitoring:

Cur.	Event	Actual	Forecast	Previous
AUD	RBA Asst Gov. Debelle
CNY	New Loans		750B	703B
EUR	French CPI		-0.3%	0.4%
EUR	French HICP		-0.3%	0.5%
EUR	Spanish CPI		0.2%	0.2%
GBP	CPI (MoM) (Sep)		0.2%	0.4%
GBP	CPI (YoY) (Sep)		1.4%	1.5%
GBP	PPI Input (MoM) (Sep)		-0.4%	-0.6%
EUR	Italian CPI (MoM) (Sep)		-0.3%	-0.3%
EUR	Industrial Production		-1.6%	1.0%