By FXEmpire.com

Analysis and Recommendations:

The GBP/USD saw little activity today, closing at 1.5651 down 0.0018, as markets were very quiet, with little in the way of eco data and few words about the EU crisis in the news. The US has been very little with the beginning of a long holiday weekend, most investors in the US end the day on noon today to extend the Memorial Day weekend. There is little on the calendar early in the week next week. The USD is expected to keep its strength in the early part of the week, before we start seeing data releases.

The overall negative outlook for the UK has seen the GBP fall from the 1.63 price earlier this month.Also recently investors have shied away from anything European, which seemed to overflow to the UK.

Markets continue to worry about Greece and Spain and contagion to surrounding countries.

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 May 25, 2012 actual v. forecast

Date

Currency

Event

Actual

Forecast

Previous

May 25

JPY

Tokyo Core CPI (YoY)

-0.8%

-0.6%

-0.5%

EUR

GfK German Consumer Climate

5.7

5.6

5.7

CHF

Employment Level

4.05M

4.02M

4.04M

PLN

Polish Unemployment Rate

12.90%

12.80%

13.30%

MXN

Mexican Unemployment Rate

4.9%

4.9%

4.6%

MXN

Mexican Trade Balance

0.560B

1.000B

1.575B

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

Date

Time

Currency

Previous

May 28

28th-31st

GBP

Nationwide HPI m/m

-0.2%

May 29

All Day

EUR

German Prelim CPI m/m

0.2%

10:00

GBP

CBI Realized Sales

-6

13:00

USD

S&P/CS Composite-20 HPI y/y

-3.5%

14:00

USD

CB Consumer Confidence

69.2

May 30

7:00

CHF

KOF Economic Barometer

0.40

8:00

EUR

M3 Money Supply y/y

3.2%

8:30

GBP

Net Lending to Individuals m/m

1.4B

14:00

USD

Pending Home Sales m/m

4.1%

23:01

GBP

GfK Consumer Confidence

-31

Click here for updated GBP/USD News.

Originally posted here