wrapper

GBP/USD Daily Forecast - 14 December

Tuesday, Dec 13 2016
GBP/USD Daily Forecast - 14 December

From the UK, yesterday, CPI and PPI figures were published. The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October. The rate in November was the highest since October 2014, when it was 1.3%. Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate. These upward pressures were partially offset by falls in air and sea fares.

Factory gate prices (output prices) for goods produced by UK manufacturers rose 2.3% in the year to November 2016, compared with an increase of 2.1% in the year to October 2016. Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, rose 2.2% in the year to November 2016, the largest increase since February 2012.

 

Tomorrow, from the UK, job data will be published. Number of unemployed is predicted to incline by 6,200 with Unemployment Rate remaining unchanged at 4.8%. In the US session PPI, Retail Sales and Industrial Production figures will be released as well as FOMC interest rate decision and the following press conference. Retail Sales are expected to increase by 0.3%, while PPI should rise by 0.1%. On the other hand Industrial Production is expected to decline by 0.2%. However, the focus of the session will be on FOMC interest rate decision with anticipated rate hike to 0.75%.

 

Figures to watch:

 

Claimant Count Change/Unemployment Rate (Wednesday 10:30)

PPI (Wednesday 14:30)

Retail Sales (Wednesday 14:30)

Industrial Production (Wednesday 15:15)

Federal Funds Rate/FOMC Statement (Wednesday 20:00)

More in this category: « AUD/USD Daily Forecast - 14 December EUR/USD Daily Forecast - 14 December »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.