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GBP/USD Weekly Forecast - 15 December - 19 December

Friday, Dec 12 2014

Events that marked the week:

 

European part of session, on Tuesday, was marked by UK Industrial and Manufacturing Production figures. While analysts were predicting 0.2% growth, total production in October 2014 is estimated to have decreased by 0.1% compared with September 2014. Manufacturing was the only one of the four main components to fall, decreasing by 0.7%. Analysts were anticipating 0.3% increase. In the three months to October 2014, production and manufacturing were 10.4% and 5.5% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.

 

On Wednesday, from the UK, Trade Balance figures were released. Seasonally adjusted, the UK deficit on trade in goods and services was estimated to have been £2.0 billion in October 2014, compared with £2.8 billion in September 2014. This reflects a deficit of £9.6 billion on goods, which was in line with market forecasts, partly offset by an estimated surplus of £7.6 billion on services.

 

This week markets will be looking at:

 

CBI Industrial Order Expectations (Monday 12:00)

CPI/PPI (Tuesday 10:30)

MPC Asset Purchase Facility Votes/MPC Official Bank Rate Votes (Wednesday 10:30) A

verage Earnings Index/ Claimant Count Change (Wednesday 10:30)

Retail Sales (Thursday 10:30)

Public Sector Net Borrowing (Friday 10:30)

CBI Realized Sales (Friday 12:00)

More in this category: « AUD/USD Weekly Forecast - 15 December - 19 December EUR/USD Weekly Forecast - 15 December - 19 December »

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