By FXEmpire.com

Analysis and Recommendations:

The EUR/GBP is slightly down at 0.8168 as the pair remained in a tight range.

The debt crisis has severely crippled financial integration in both the funding and lending markets in the euro zone, the European Central Bank said Thursday. The ECB said financial market integration has slowed since 2007, in particular since 2011

The European Commission said its April economic sentiment indicator for the 17-nation euro area fell to 92.8 from a reading of 94.5 the previous month. Economists had forecast a reading of 94.2.

The U.K. public’s expectations for inflation in the coming year rose in April, presenting the Bank of England with an awkward policy dilemma for the recession-hit economy, a monthly survey by Citi Inc.

The British Bankers Association announced today that mortgage approval dropped to 31.9K from a forecast of 34.3K disappointing the markets having hoped to see some light in the UK housing markets.

Economic Data for April 26, 2012 actual v. forecast

KRW

South Korean GDP (QoQ)

0.9%

0.9%

0.3%

KRW

South Korean GDP (YoY)

2.8%

3.0%

3.3%

GBP

Nationwide Consumer Confidence

53

42

44

DKK

Danish Unemployment Rate

4.30%

4.30%

4.20%

GBP

BBA Mortgage Approvals

31.9K

34.3K

32.8K

GBP

CBI Distributive Trades Survey

-6

-4

0

BRL

Brazilian Unemployment Rate

6.2%

6.0%

5.7%

USD

Initial Jobless Claims

388K

375K

389K

USD

Continuing Jobless Claims

3315K

3295K

3312K

USD

Pending Home Sales (MoM)

1.0%

-0.5%

Economic Events scheduled for April 27, 2012 that affect the European and American Markets

06:00 EUR Gfk Consumer Confidence Survey

The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn

TBD GBP Nationwide Housing Prices

The Nationwide Housing Prices shows the value of the houses prices in UK and indicate current movements in the housing market that is considered as a sensitive factor to the UK’s economy.

TBD GBP Nationwide Housing Prices

The Nationwide Housing Prices shows the value of the houses prices in UK and indicate current movements in the housing market that is considered as a sensitive factor to the UK’s economy.

09:00 CHF KOF Leading Indicator

The KOF Swiss Leading Indicator is released by the Swiss Institute for Business Cycle Research and it’s a joint survey with leading indicator which measures future trends of the overall economic activity. It captures the movement of GDP growth and the economic trend in Switzerland

12:30 USD Gross Domestic Product Annualized

The Gross Domestic Product annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. It is a gross measure of market activity because it indicates the pace at which a country’s economy is growing or decreasing.

12:30 USD Gross Domestic Purchases Price Index

The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise.

12:30 USD Real Personal Consumption Expenditures

The Real Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.. It is considered as an important indicator of inflation.

13:55 USD Reuters/Michigan Consumer Sentiment Index

The Reuters/Michigan Consumer Sentiment Index released by the Reuters/University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money

Government Bond Auctions (this week)

Apr 27 09:10 Italy BTP/CCTeu auction

Apr 27 09:10 Italy Eur 1.5-2.5bn 4.75% May 2017 & Eur 1.5-2.5bn 5.5% Sep 2022 & Eur

0.75-1.25bn 3.75% Apr 2016 & 4.25% Feb 2019 BTPs

May 01 09:30 UK Auctions 4.5% 2042 Conventional Gilt

May 02 09:10 Sweden Nominal bond auction

May 02 09:30 Portugal Eur 1.25-1.5bn new Nov 2012 & new May 2013 T-bills

May 02 13:00 US Announces details of 3Y Notes on May 08, 10Y Notes on May 09 & 30Y

Bonds on May 10

May 02 14:30 Sweden Details T-bill auction on May 09

May 03 08:30 Spain Bono auction

May 03 08:50 France OAT auction

Click here for updated EUR/GBP News.

Originally posted here