By FXEmpire.com
Analysis and Recommendations:
The GBP/USD will end the day trading up at 1.5547 adding 0.0041. Sterling has gained 0.2% from yesterday’s close despite increasing expectations for policy easing from the BoE. Some market participants are expecting that BoE Governor King will use his speech this evening to highlight his preference for a new round of monetary easing, this time aimed at alleviating the cost of borrowing for both households and businesses. The measures are expected to include an easing of liquidity rules in order to free up the financial sector’s balance sheet and allow for increased lending.
Also in early US trading several eco reports were released all having lackluster data, ranging from an increase in unemployment claims, to a drop in CPI, supporting a slowdown in the US economy.
There has been little in the way of eco data from the UK, leaving sterling to move on USD sentiment.
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 June 14, 2012 actual v. forecast
|
Date |
Time |
Event |
Actual |
Forecast |
Previous |
|
Jun. 14 |
05:30 |
Industrial Production (MoM) |
-0.2% |
0.2% |
0.2% |
|
08:30 |
Interest Rate Decision |
0.00% |
0.00% |
0.00% |
|
|
08:30 |
SNB Chairman Thomas Jordan speaks |
||||
|
09:00 |
ECB Monthly Report |
||||
|
10:00 |
CPI (YoY) |
2.4% |
2.4% |
2.4% |
|
|
10:00 |
Core CPI (YoY) |
1.6% |
1.6% |
1.6% |
|
|
13:30 |
Core CPI (MoM) |
0.2% |
0.2% |
0.2% |
|
|
13:30 |
CPI (MoM) |
-0.3% |
-0.2% |
0.0% |
|
|
13:30 |
Current Account |
-137.3B |
-132.3B |
-118.7B |
|
|
13:30 |
Initial Jobless Claims |
386K |
375K |
380K |
|
|
13:30 |
Continuing Jobless Claims |
3278K |
3269K |
3311K |
|
|
13:30 |
CPI (YoY) |
1.7% |
1.8% |
2.3% |
|
|
13:30 |
Core CPI (YoY) |
2.3% |
2.2% |
2.3% |
Upcoming Economic Events that affect the CHF, EUR, GBP and USD
|
Date |
Time |
Currency |
Event |
Previous |
|
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 |
Click here for further GBP/USD Forecast.
Originally posted here
