By FXEmpire.com
Analysis and Recommendations:
The GBP/USD added 0.0084 pips today, to trade at 1.5570. The GBP is up 0.3% since yesterday’s close, underperforming the growth currencies like CAD and AUD and in line with EUR. As the expectations for
QE intensify GBP has struggled; yesterday BoE member Posen commented that he would still support another round of QE and turned away from it too early. Domestic data was disappointing, with industrial production 0.0% m/m and manufacturing production falling 0.7%m/m, however these are typically volatile data releases. Today at 10am EST, the NIESR GDP estimate will be released, which will
provide further guidance as to how negatively the UK economy is being impacted.
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 for June 12, 2012 actual v. forecast
Date |
Currency |
Event |
Actual |
Forecast |
Previous |
Jun. 12 |
GBP |
RICS House Price Balance |
-16% |
-18% |
-19% |
JPY |
Tertiary Industry Activity Index (MoM) |
-0.3% |
0.4% |
-0.6% |
|
JPY |
BoJ Governor Shirakawa Speaks |
||||
AUD |
NAB Business Confidence |
-2 |
4 |
||
EUR |
French Non-Farm Payrolls (QoQ) |
0.1% |
0.1% |
0.1% |
|
GBP |
Industrial Production (MoM) |
0.0% |
0.1% |
-0.3% |
|
GBP |
Manufacturing Production (MoM) |
-0.7% |
-0.2% |
0.9% |
|
GBP |
Industrial Production (YoY) |
-1.0% |
-1.0% |
-2.6% |
|
USD |
Import Price Index (MoM) |
-1.0% |
-1.0% |
0.0% |
|
GBP |
NIESR GDP Estimate |
0.1% |
-0.1% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
Date |
Time |
Currency |
Event |
Forecast |
Previous |
Jun 13 |
7:15 |
CHF |
-0.1% |
||
9:00 |
EUR |
-0.3% |
|||
12:30 |
USD |
-0.2% |
|||
12:30 |
USD |
0.1% |
|||
14:00 |
USD |
0.3% |
|||
14:30 |
USD |
-0.1M |
|||
Jun 14 |
7:30 |
CHF |
|
|
|
7:30 |
CHF |
||||
7:30 |
CHF |
||||
8:00 |
CHF |
||||
8:00 |
EUR |
||||
9:00 |
EUR |
2.4% |
|||
12:30 |
USD |
377K |
|||
12:30 |
USD |
0.0% |
|||
12:30 |
USD |
-124B |
|||
Jun 15 |
8:30 |
GBP |
-8.6B |
||
12:30 |
USD |
17.1 |
|||
13:00 |
USD |
36.2B |
|||
13:15 |
USD |
79.2% |
|||
13:15 |
USD |
1.1% |
|||
13:55 |
USD |
79.3 |
Government Bond Auctions
Date Time Country
Jun 13 09:10 Italy
Jun 13 09:30 Germany
Jun 13 09:30 Swiss
Jun 13 17:00 US
Jun 14 09:10 Italy
Jun 14 09:30 UK
Jun 14 15:00 US
Jun 14 17:00 US
Click here for further GBP/USD Forecast.
Originally posted here