By FXEmpire.com

Analysis and Recommendations:

The EUR/GBP is trading at 0.7887 as the euro continues to fall against the pound. Today the BoE revised down growth estimates for the UK and from his statement, it seems that there is no additional stimulus coming this year.

The euro continued to trade strong, but dipped today against most of its peers. News flow from the EU has been overall negative and what little eco data that was released has also been negative, taking a bit of tarnish off of the euro.

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.

Economic Data August 8, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

Aug. 08

JPY

Adjusted Current Account

0.77T

0.75T

0.28T

AUD

Home Loans (MoM)

1.3%

2.0%

-0.9%

CHF

SECO Consumer Climate

-17

-4

-8

GBP

BoE Inflation Report

EUR

German 10-Year Bund Auction

1.420%

1.310%

EUR

German Industrial Production (MoM)

-0.9%

-0.8%

1.7%

USD

Nonfarm Productivity (QoQ)

1.6%

1.3%

-0.5%

USD

Unit Labor Costs (QoQ)

1.7%

0.6%

5.6%

Upcoming Economic Events that affect the CHF, EUR, GBP and USD

Date

Time

Currency

Event

Previous

Aug 9

8:00

EUR

ECB Monthly Bulletin

8:30

GBP

Trade Balance

-8.4B

12:30

USD

Trade Balance

-48.7B

12:30

USD

Unemployment Claims

Aug 10

6:45

EUR

French Industrial Production m/m

-1.9%

8:30

GBP

PPI Input m/m

-2.2%

12:30

USD

Import Prices m/m

-2.7%

18:00

USD

Federal Budget Balance

-59.7B

Government Bond Auctions

Date Time Country

Aug 09 15:30 Italy

Aug 09 17:00 US

Aug 10 10:00 Belgium

Aug 13 09:10 Italy

Aug 13 09:10 Norway

Aug 13 09:30 Germany

Aug 14 09:10 Greece

Aug 14 09:10 Italy

Aug 14 09:30 Belgium

Aug 14 14:30 UK

Aug 15 09:10 Sweden

Aug 16 09:30 UK

Aug 16 15:00 US

Click here a current EUR/GBP Chart.

Originally posted here