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GBP/USD Weekly Forecast - 16 March - 20 March

Friday, Mar 13 2015

Events that marked the week:

Focus of the Wednesday's session was on Industrial Production figures. U.K. seasonally adjusted index of production decreased by 0.1% between December 2014 and January 2015. Analysts were anticipating 0.2% incline. This reflects decreases of 0.5% in manufacturing and 0.4% in the electricity, gas, steam & air conditioning sector. Partially offsetting these decreases were increases of 2.0% in mining & quarrying and 0.4% in the water supply, sewerage & waste management sector.

Thursday was marked by U.K Trade Balance figures. Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £0.6 billion in January 2015, compared with £2.1 billion in December 2014. This reflects a deficit of £8.4 billion on goods, above expectations on £9.7 billion deficit, partially offset by an estimated surplus of £7.8 billion on services.

 

This week markets will be looking at:

 

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

BoE Meeting Minutes (Wednesday 10:30)

Annual Budget Release (Wednesday 13:30)

Public Sector Net Borrowing (Friday 10:30)

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