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Monday, 08 December 2014
Daily Fundamental Analysis

GBP/USD Daily Forecast - 09 December

There were no data releases from the UK yesterday, however, Sterling aimed lower, initially in the session, but managed to rebound. Sterling is still being influenced by NFP figures, released on Friday, that showed much better than forecasted data. This indicates stability on US labour market as well as fall in number of unemployed, which could mean that Fed could be raising its interest rates sooner than expected.

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Friday, 05 December 2014
Weekly Fundamental Analysis

GBP/USD Weekly Forecast - 08 December - 12 December

Events that marked the week:

 

European part of session on Monday was marked by UK Manufacturing PMI and Net Lending to Individuals figures.UK Manufacturing PMI posted 53.5 in November, up slightly from 53.3 in October, a four-month high and a level above the no-change mark of 50.0 for the twenty-first successive month. Analysts were predicting no change this month. The domestic market remained the main pillar supporting the upturn, while the trend in new export orders remained subdued.

 

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