wrapper

GBP/USD Daily Forecast - 21 February

Tuesday, Feb 20 2018
GBP/USD Daily Forecast - 21 February

From the UK, yesterday, CBI Industrial Orders Expectations figures were released. According to the latest CBI survey 30% of manufacturers reported total order books to be above normal, and 20% said they were below normal, giving a balance of +10% - above the negative long-run average of -14%. 22% of firms said their export order books were above normal, and 12% said they were below normal, giving a balance of +10% - far above the negative long run average of -18%.

Tom Crotty, Group Director of Ineos and Chair of CBI Manufacturing Council, said: “Manufacturers are benefitting from the health of the global market place. But companies still struggle to find the workers they need to grow their business. To ensure there’s a strong pipeline of people with the technical skills needed, we need young people to receive further education and careers advice built upon the needs of employers.”

 

Tomorrow's session will bring UK job figures. Analysts expect increase to 2,300 in number of unemployed, while Unemployment Rate should remain unchanged at 4.3%. In the US session Existing Home Sales data will be published. Incline to 5.61 million is anticipated. However the focus of the session will be on FOMC Meeting Minutes, though no new stanzas should be expressed.

 

Figures to watch:

 

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

Existing Home Sales (Wednesday 16:00)

FOMC Meeting Minutes (Wednesday 20:00)

More in this category: « AUD/USD Daily Forecast - 21 February EUR/USD Daily Forecast - 21 February »

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.